Economy
Good Energy clinches £3m wind farm deal
Good Energy is set to dramatically increase the amount of electricity it generates, after confirming a deal to buy a £3m wind farm near Doncaster from RWE Npower Renewables.
The firm, which recently launched the UK’s first local electricity tariff for customers living within 2km of Delabole Wind Farm in Cornwall, is the UK’s only 100% renewable energy supplier.
The acquisition sees Good Energy take control of the site in Hampole, South Yorkshire, where planning permission has been granted for four turbines with a generation capacity of 8.2 megawatts (MW).
“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 retail prices”, said Good Energy founder and CEO Juliet Davenport, an OBE as of this year.
“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 also plan to bring online some of the sites we are currently developing from scratch in 2014/2015. With that in mind, we are pleased to have reached this agreement.”
The purchase of the Hampole site marks an encouraging step forward for Good Energy, which has set its sights on developing 110MW of new, clean, renewable generating capacity by 2016.
Further reading:
Good Energy launches electricity tariff to reward local customers
Good Energy scores full marks for ethics