We are pleased to report a significant increase in generation and associated emissions savings as wind speeds returned to expected levels in the first half of 2022 and new clean energy projects came into operation.

A 38% increase on the same period last year, our clean energy projects generated 73,625 MWh of clean electricity[1] – enough to power the equivalent of almost 40,000 average UK homes[2] – and delivered emissions reductions equivalent to 32,653 tonnes of CO₂ during January to June 2022.

Half year operating profits were £3.4m on a turnover of £8.4m, with shareholders receiving a final dividend of 7p per share for 2021, which was paid in July 2022.

Good progress has been made with our diversification strategy, which includes the construction of three commercial solar rooftop sites as part of our work with Olympus Power. We’ve also begun works on our 20MW battery storage site at Feeder Road in Bristol, with the project expected to be connected to the grid later this year.

In April, we finalised our investment in Ambition Community Energy, with our unique collaborative funding model helping to get England’s biggest onshore wind turbine into construction after years of planning work. With a capacity of 4.2MW, the turbine will be capable of generating enough power for close to 3,000 homes – the equivalent of Lawrence Weston’s domestic use. The project will also save almost 120,000 tonnes of carbon emissions over its lifetime. Groundwork is now underway, and commissioning is expected in Spring next year.