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£26m deal for new turbines in Methil 

Credit:  by Maggie Millar | Fife Today | 26 March 2014 | www.fifetoday.co.uk ~~

A ground-breaking Dutch company at Fife Energy Park has secured a £26.5 million investment package to develop offshore wind technology.

The cash, provided by a consortium including Scottish Enterprise, will enable 2-B Energy to establish two full-scale test units just off Methil .

The Dutch company is developing a 140-metre wide two-bladed turbine supported by a full truss steel foundation that also introduces full helicopter landing access for the first time. The technology has the potential to slash up to 35 per cent from the cost of 
offshore wind.

David Torrance MSP commented: “This is fantastic news for 2-B Energy and for the future of renewable energy in Scotland. I am delighted the company’s activities in Scotland will be focused at Fife Energy Park, which looks set to benefit from the creation of jobs and a boost to the local economy.”

The funding package has been partially funded (£2.75m) by the Scottish Investment Bank’s Renewable Energy Investment Fund.

Other investors include the company’s current majority shareholder Truffle Capital as lead investor alongside PPM Oost, Shell, Rabobank and AgentschapNL.

Mr Torrance added: “This investment will contribute vastly to the development of Scotland’s renewable energy industry, helping establish our country as a leader in cutting-edge offshore wind research and technology.

“Working to bring down the cost of offshore wind energy will help drive forward its future sustainability and contribute towards reducing Scotland’s greenhouse gas emissions in line with its climate change targets. “

“I sincerely wish 2-B Energy every success with its venture.”

Source:  by Maggie Millar | Fife Today | 26 March 2014 | www.fifetoday.co.uk

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial educational effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

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