12 Aug '11, 10am

Barclays snaps up wind farm stake as onshore developments expand

The UK's onshore wind industry has enjoyed a flurry of activity this week, after leading developers sought to expand and offload a number of wind farm projects. Renewable Energy Generation (REG) today announced it has bought five 2MW Vestas V80 GridStreamer turbines to build its Sancton Hill site in Yorkshire. FURTHER READING US army to enlist private sector for $7.1bn of renewable energy projects EU lodges WTO complaint over Canadian renewables subsidy The project, which was granted planning permission in February this year, is expected to cost approximately £12.5m including turbines and will be funded from REG's existing cash resources. Turbines are scheduled for delivery in Spring next year, with the site expected to be operational in the first half of 2012. The wind farm is expected to produce approximately 27GWh of output per year and will boast a capacity of 10MW. RE...

Full article: http://www.businessgreen.com/bg/news/2101360/renewable-en...

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