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Wind power in Wales14th February 2012

Savills Energy is marketing two turbines at the high profile Moel Maelogan windfarm in Wales. The site was the first Welsh windfarm to be built and owned by farmers and was held up by the then First Minister Rhodri Morgan as the future of the renewable industry at its official opening in 2003.

Moel Maelogan comprises three turbines. The two currently being sold are owned by Cwmni Gwynt Teg Ltd and the remaining turbine is owned by Energiekontor UK Ltd. Since it became operational in 2003 the two turbines have generated on average over 7 million kw hours of electricity a year, enough for around 1,500 homes.

Nick Green of Savills Energy comments: "The potential of renewable energy production in Wales is enormous, and is yet relatively untapped. Moel Maelogan is a rare text book example of a sensitively designed and profitable scheme and will enable the right investor or developer to get involved at ground level, contributing to their green energy objectives.

The world faces unprecedented challenges in tackling climate change. This is creating huge opportunities for investors as companies and countries all over the globe move towards a low-carbon future. Wind energy is currently one of the fastest growing of all the renewables, increasing at a rate of around 21% per annum globally. Such growth is being driven by a number of factors, including government policy and targets and improvements in turbine technology.

Miles Thomas, head of operations at Savills Energy adds: "Savills Energy is delighted to be marketing Moel Maelogan which we are sure will provoke lots of interest from some unlikely quarters. Such investments are usually the preserve of a fairly restricted marketplace but the wider investment community is increasingly looking to diversify its exposure to other markets. Windfarms and other forms of energy investments tend to share similarities with property investments yet track a different set of stimuli and therefore will suit many of our buyer contacts." 

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