Greenspan® Electric, a sister company of The Greenspan® Agency Ltd, invests in renewable energy developments. read more...
Each of the three 0.85MW turbines at Balquhindachy are now providing renewable energy to Marks & Spencer plc.
Marks & Spencer are leading the way in ground-breaking PPA's which offer a 5-year deal to the renewable energy provider whilst creating true additionality. Without these deals finance is very difficult to secure in the current credit market so Marks & Spencer are paving the way for distributed generation and farm diversification schemes.
The first PPA was agreed for Turbine 1 in November 2006. Grant Mackie, Director of Greenspan, says "Our first PPA with Marks & Spencer allowed Greenspan to get established and we have been able to secure bank funding for Turbines 2 & 3 on the strength of the new PPA".
The three Vestas turbines at Balquhindachy
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