New wind farm company
Ventient Energy launches with aim to consolidate
The company, which is also the largest non-utility owner of onshore wind, has been brought together through the combination of Zephyr’s portfolio of 15 wind farms and the 19 owned by Infinis.
Now headquartered in central Edinburgh it now has operations from Caithness to Cornwall, comprising 507 turbines and 690MW of installed capacity.
Ventient Energy generates two-thirds of its power in Scotland and is capable of servicing 420,000 homes annually, offsetting 0.75 million tonnes of CO2 equivalent a year.
Backed by institutional investors advised by JP Morgan Asset Management the asset management services previously undertaken by Innogy Renewable UK have relocated from Swindon.
It means the top three UK onshore wind portfolios are headquartered in Scotland.
Ventient Energy has created 22 jobs in the past six months in preparation for these changes and now employs 44 staff.
Of these, 31 are based in Edinburgh, providing administrative engineering and management services.
A further 13 are employed regionally throughout the UK on management of the wind farms, which combined, can support up to 100 maintenance contractors daily, with additional supply chain benefits.
Scott Mackenzie, chief executive (pictured), said: “We are ambitious – committed to creating prosperity through safe and sustainable generation of renewable sourced electricity, through quality job creation and supporting the communities in which we operate.
“The UK onshore wind market is fragmented, and Ventient Energy owns only 6% of market capacity at present, so we see plenty of opportunities to grow our installed capacity through consolidation.”
Ventient Energy’s community fund payments will total £1.5 million in 2018, which will be utilised on qualifying community projects and initiatives around the wind farm sites.