The UK wind energy market has today greeted a major new player thanks to the official launch of Ventient Energy Ltd, the new company created from the consolidation of three of the country’s largest wind energy portfolios.
The company was formed from the combination of the Zephyr portfolio of 15 wind farms, 19 wind farms that were formerly owned by Infinis, and the portfolio of wind farms owned by institutional investors advised by JP Morgan Asset Management.
The new company, which is headquartered in Edinburgh, said the mergers made it the third largest generator of onshore wind energy in the UK, and the largest non-utility owner of onshore wind.
In total the firm boasts 34 wind farms, comprising 507 turbines and 690MW of installed capacity. The company said it would provide up to 420,000 homes with clean power, offsetting 750,000 tonnes of CO2 equivalent a year.
It also hinted that further expansion could be on the cards. “We are ambitious – committed to creating prosperity through safe and sustainable generation of renewable sourced electricity, through quality job creation and supporting the communities in which we operate,” said CEO at the new company, Scott Mackenzie. “The UK onshore wind market is fragmented, and Ventient Energy owns only six per cent of market capacity at present, so we see plenty of opportunities to grow our installed capacity through consolidation.”
Source: businessgreen.com
