Specialist small wind turbine maker Gaia-Wind has been saved from collapse thanks to an investment and restructuring deal, which will see the Scottish manufacturer revived under a slightly modified brand name. The Glasgow-based company confirmed it had called in the liquidators in March, after subsidy cuts and uncertain market conditions left the business with “no option but to cease trading”. But in a turnaround in fortunes, Dubai-based International Power and Water Investments (IPWI) subsequently stepped in to invest in the ailing company. The revived firm will now be known as Gaia Wind (Green Energy Solutions) and will attempt to tap into a growing global market for small and mid-sized turbines. IPWI’s Alistair Munro has stepped in as the new chairman and CEO at Gaia Wind.
Business Green 11th June 2018 read more »
Onshore wind power has the potential to cut household energy bills, benefit consumers by well over a billion pounds and create thousands of jobs, particularly in Scotland, according to a new report. The Power of Onshore Wind report, from renewable energy consultants BVG Associates, claims that awarding contracts for five gigawatts (GW) of new onshore wind power between 2019 and 2025 could deliver a net payback to UK consumers of £1.6 billion.
Herald 12th June 2018 read more »