Launch of Airvolution Energy
ESB Novus Modusodus, the cleantech and renewable energy fund, has announced the creation of Airvolution Energy, a new venture that will develop, construct and operate small onshore wind projects in the UK. Airvolution Energy intends to be a major national player in an important part of the UK renewable energy sector.
Airvolution Energy will focus on sub -10MW projects - generally operations with three or fewer turbines - as well as sites with embedded generation possibilities. Embedded wind generation provides the opportunity to lock in the cost of electricity over the long term, securing jobs and a better environment.
Airvolution Energy has an exclusive arrangement with Savills whose role will include identifying sites and managing the full planning permission process. PEP, specialists in wind energy, will provide Airvolution Energy with expert development and operational services. Airvolution Energy involves a multi-million investment by ESB Novus Modus and will be led by Kevin McNamara, a former Managing Director at ESB International.
Airvolution Energy intends to become a major player in this niche renewable sector in Britain. It will form strong partnerships with landlords, businesses and local communities as part of its operations and plans to become the UK’s leading developer and operator of small wind projects within a relatively short timeframe.
