26 Nov 2019
Thrive Renewables acquires new wind farm site in Scotland
Earlier in the year, Thrive Renewables sold two operational wind farms, releasing £11 million to invest in building new renewable energy infrastructure projects. When it is built, Chapelton wind farm, which will have a capacity of around 2.7MW, will operate without government support in the form of subsidy.
The company plans for electricity generated at the site to be supplied both directly to a local business and the electricity grid. Thrive Renewables has a track record of innovation in renewable energy project development, including ‘private wire’ projects, designed to enable local businesses to use power directly from a wind farm. This provides long-term, stable energy prices for the business and price certainty for the wind farm operator, protecting both parties from the volatility of the energy market.
When Chapelton wind farm is built, the local community will be able to apply for Thrive Renewables Community Benefit Programme, which offers grants to improve energy efficiency in community buildings like village halls, making them warmer, more comfortable and cheaper to run.
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