Airvolution Energy
Business
- Develop, construct and operate small, sub 10MW onshore wind projects in the UK
- Focus will be on brownfield sites with potential for supplying electricity “inside the fence” to an on-site energy off-taker
- Exclusive arrangement with Savills, a major UK property and planning consultancy with over 150 planners, 250 land and acquisition agents and a specialist infrastructure project management team
- Seek to form partnerships with landlords, corporates and local communities
- Day to day management led by PEP Renewables, specialists in wind energy and Kevin McNamara, former Managing Director at ESBI
- www.airvolutionenergy.com
Investment Summary
- Airvolution Energy involves a multi-million pound investment by ESB Novusmodus
Rationale
- Relationship with Savills and PEP Renewables provides opportunity to establish a specialist developer offering potential for small scale distributed wind on a nationwide basis
- Small scale wind sector is currently underexploited by utilities and smaller developers suffering from effects of credit crunch
- Availability of distributed generation provides an opportunity to lock in cost of electricity over the long term, reducing existing electricity costs