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RESense racks up consented sites

April 1st, 2015 | 12:45 pm

We are pleased to announce that RESense, our joint venture with renewable energy consultancy Resolved Renewables, has secured planning consent for its third 500kW wind turbine. This now takes RESense’s total consented capacity to 1.2MW, which is enough to power 900 UK homes.

Set up in 2012, RESense helps farmers and landowners capitalise on renewable energy opportunities by focusing on farm scale 500kW wind turbines. Each project allows the landowner the opportunity to receive a rental income based upon revenue generated by the turbine. Projects will also generate a community benefit fund.

Both CO2Sense and Resolved Renewables provide the development finance required to make the company a success. Technical and planning expertise has been provided by Resolved Renewables and ADAS. Consent has now been secured for sites in Carmarthenshire, Worcestershire and the East Riding of Yorkshire. A further 6 projects are currently being progressed through the planning system with decisions expected in the coming months.

RESense is the first equity investment made by CO2Sense designed to support the high risk development stage of wind projects. In addition to the investment, CO2Sense has supported the joint venture with technical and commercial expertise.

CO2Sense continue to offer development finance for renewable energy with a preference for solar, hydro, large AD and Biomass CHP. We are keen to hear from developers with projects in these areas. Our finance can take the form of either a loan or equity, typically supporting costs such as works associated with planning applications and appeals, grid connection, land costs and other activities which are needed to ensure the project is shovel ready and primed for further investment.

If you would like to find out more or discuss a project, please contact Kulraj Heer on 0113 247 3848 or e-mail kulraj.heer@co2sense.co.uk. CO2Sense development finance is reserved for projects with the strongest business case, meaning competition is high for this product. Thorough feasibility work should have already been carried out and good progress made on key items such as property and feedstock agreements if applicable.

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