Posted on: 04/07/2017
New CEO at trade body
Industry body Scottish Renewables has named Claire Mack as its new Chief Executive.
Mack joins from the Scottish Council for Development & Industry (SCDI), where she was Director of Policy and Place.
She replaces Niall Stuart, who announced in March that he will leave in August to set up his own consultancy focused on strategic communications, policy development and regulatory affairs.
Northern Ireland hits onshore wind milestone
Just over 1GW of wind power capacity is now connected to Northern Ireland’s grid, according to the latest figures.
Nearly one quarter of the province’s electricity is now generated by onshore wind turbines.
Emma Pinchbeck, Executive Director at trade body RenewableUK, said: “Renewable electricity is making a massive contribution to Northern Ireland, creating jobs, bringing inward investment and enabling local regeneration.
Atlantis plans to raise funds in bond issue
Atlantis Resources, the renewable energy developer listed on the Alternative Investment Market (AIM), has unveiled plans to raise between £2 million and £5m by issuing bonds.
More than £1m was raised within 24 hours of the announcement.
Tim Cornelius, Chief Executive at Atlantis, said: “Setting a new record for opening day subscriptions via the Abundance platform reflects the outstanding demand for the Atlantis ocean bond offer and I am absolutely thrilled with the response from investors.”
Crown Estate reaps benefits from offshore projects
The Crown Estates’ energy, minerals and infrastructure portfolio has risen in value by 18% to more than £1.1 billion, according to the organisation’s annual report.
The public body, which leases the seabed to wind, wave and tidal developers, said its strongest valuation performance came from offshore wind.
“The UK is one of the most attractive places globally to invest in offshore wind and it continues to be a key driver of commercial success for the business,” it said.
Scottish wind farm officially opened
American developer Invenergy has cut the ribbon at its Corriegarth wind farm to the south of Inverness.
The 32-turbine site has a 69.5MW capacity.
The wind farm is the Chicago-based company’s second site in Scotland.