New UK-based wind power company, Ventient Energy has been officially launched with 690MW of total installed capacity in the country.
The company is said to be the country’s third largest onshore wind energy generator and the largest non-utility owner of onshore wind.
Ventient Energy CEO Scott Mackenzie said: “We are ambitious, committed to creating prosperity through safe and sustainable generation of renewable sourced electricity, through quality job creation and supporting the communities in which we operate.
“The UK onshore wind market is fragmented, and Ventient Energy owns only 6% of market capacity at present, so we see plenty of opportunities to grow our installed capacity through consolidation.”
Created by merging 15 Zephyr windfarms with 19 farms formerly owned by Infinis Wind, Ventient Energy currently owns 34 wind farms, featuring a total of 507 turbines located all over the UK, from Caithness in Scotland to Cornwall, England.
The wind farms generate clean electricity required to power 420,000 homes annually, while reducing 0.75 million tons of CO2 equivalent per year.
The launch of Ventient Energy follows completion of a restructuring that moved Zephyr Investments and associated wind farms to the new company.
The restructuring also enabled Ventient Energy’s new headquarters in Edinburgh to handle the asset management services that were previously provided by Innogy Renewable UK from its base in Swindon on behalf of Zephyr Investments.
Over the past last six months, Ventient Energy created 22 new jobs and currently employs a total of 44 people.