A client in North Devon wished to erect a 500kW turbine to secure the farming future for himself and his family. Potential £1.2 million spend.
We were retained to carry out full project management and oversaw the grant of planning permission through to grid connection, the construction costs, construction together with raising finance and drawdown of finance for completion, application for Feed-in-Tariffs and energy sales.
The turbine was erected on time and to budget and is currently producing a return of 25% and an estimated payback of 5 years
We chargeda set management fee to undertake the work with payments dependent upon milestones achieved at 4% of project cost.