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Turbine orders grow due to nuclear strike price deal, says Urban Wind chief

Urban Wind md Phil McVan
Urban Wind md Phil McVan

UrbanWind has sealed three orders for turbines worth more than £1million in the last few weeks as, it says, energy independence becomes a key priority for more organisations and landowners.

The company says there has been a significant surge of interest in its small and medium-sized turbines, as potential individual and corporate customers look at ways to control their energy costs.

And it believes the coalition government’s nuclear deal – which will see it guarantee to pay twice the level of today’s wholesale energy price to the French firm behind the new Hinkley Point reactor – will point even more companies towards renewable alternatives.

Phil McVan, managing director of UrbanWind, said: “In the past fortnight we have sealed deals to erect wind turbines in Cumbria, Scotland and the Midlands. Clients like the idea of taking control of their energy needs and of the possibility of extra revenue streams that renewable energy brings them.

“We are also in advanced talks with a number of major utility companies, who are looking at how to harness renewable energy, not only to cut their bills, but also to fulfil their carbon reduction and corporate social responsibility targets.”

He added: “We believe the latest announcement on the nuclear policy being adopted by the coalition will prove to be the tipping point for a number of commercial organisations and individual landowners looking to renewable energy to give them price stability and a strong return on investment.

“The guaranteed payment (£92.50/MWh) is twice the present wholesale price and it will be the energy companies’ customers that will have to pick up the bill when Hinkley begins operating at the start of the next decade.

“What the politicians are actually saying is that they believe that will be an acceptable economic price to pay for wholesale power in 10 years’ time.

“Our customers are telling us they want to have a say in controlling their energy costs and de-risk against rising energy prices. They can do that by turning to renewable technology that gives them the power they require and the ability to generate extra revenue by selling any excess back to the National Grid. It is an investment in their future.”