Ecotricity saves British wind firm
Britain’s green energy company Ecotricity has bought small wind firm Evance out of administration.
Evance have pioneered an innovative new windmill design which is 90% of the way through development and nearing the production stage. However, due to cuts to Feed-in-Tariffs last month for the second time in the past year – together with increasing anti-wind rhetoric ahead of the next election, Evance was placed into administration last month after investors were spooked.
Ecotricity founder Dale Vince said: “So many small wind companies are going out of business in Britain due to Government policy. With the green sector responsible for around 10% of Britain’s GDP growth, that’s hard to fathom.??“Despite this we’re very pleased to be in a position to save Evance, green sector expertise and new technology that we will bring to market in the next 12 months.
“This innovative new windmill will bring large turbine performance to small wind, a massive step change in terms of efficiency and cost.
“Ecotricity already has a vertical windmill called the Urbine at a similar stage of development, so we will soon be able to offer both horizontal and vertical axis windmills that will help to make Britain a global leader in the small wind sector.”