Renewable electricity supplier Good Energy has announced its acquisition of an onshore wind farm owned by RWE Npower in a deal worth up to £3m.
The site, located near Doncaster, has planning permission for the construction of four turbines with a total generation capacity of up to 8.2MW. The proposed development is expected to generate around 20,000 MWh annually, nearly doubling the amount of electricity that Good Energy generates.
The company says that the move constitutes an important step towards reaching Good Energy’s target to develop 110MW of new generating capacity by 2016.
The site will also be eligible for Good Energy’s new local tariff which gives residents in the area a chance to benefit from a 20 percent discount off the company’s standard electricity tariff.
Ceo and founder of Good Energy, Juliet Davenport, said: “As our customer numbers increase, we see the development of our own generation assets as an important way in which we can keep wholesale costs down and deliver more stable prices.
“Acquiring sites like this one, that have already received planning permission, brings a welcome balance to the portfolio so that we can have this site in development in 2013.
“We’re very excited that this latest site will be part of our new Local Tariff, and we look forward to engaging with the local community during the final development and construction process. We are particularly keen to seek their views on how the site might act as a vehicle for local investment in the area.”