FRE plc has had an outstanding advancement on our current projects in Phase 4. Sites one, two
and three are located in Northern Ireland, site four in Aberdeenshire, Scotland and our final
site is in Cumbria, England.
Site One
The site comprises an operational Vestas V27 225 kW wind turbine at a hub height of 37
metres, commissioned in March 2017. The wind turbine site is in single land ownership and is
subject to a 25-year lease agreement. The site is estimated to produce an annual average wind
speed of circa 5.6 m/s. This, in theory, will produce an annual yield of circa 450 MWhrs.
Site Two
The site comprises an operational Vestas V27 225 kW wind turbine at a hub height of 31
metres, commissioned in March 2017. The wind turbine site is in single land ownership and is
subject to a 25-year lease agreement. The site is estimated to produce an annual average wind
speed of circa 5.9 m/s. This, in theory, will produce an annual yield of circa 526 MWhrs.
Site Three
The site comprises an operational Vestas V27 225 kW wind turbine at a hub height of 40
metres, commissioned in May 2017. The wind turbine site is in single land ownership and is
subject to a 25-year lease agreement. The site is estimated to produce an annual average wind
speed of circa 6 m/s. This, in theory, will produce an annual yield of circa 572 MWhrs.
Site Four
The site comprises of 2 operational Vestas VV27 4225 kW wind turbines at a hub height of 40
metres, commissioned in Aug 2016. The wind turbine site is in single land ownership and is
subject to a 25-year lease agreement. The site is estimated to produce an annual average wind
speed of circa 6 m/s. This, in theory, will produce an annual yield of circa 900 MWhrs.
Site Five
The site comprises of an operational Vestas V34 400kW wind turbine at a hub height of 40
metres, commissioned in November 2015. The wind turbine site is in single land ownership
and is subject to a 25-year lease agreement. It is estimated to produce an annual average wind
speed of circa 6 m/s and has a Feed in Tariff of 14.02p per kWh and an export tariff of 7.2p
per kWh. This will produce an annual yield of circa 650 MWhrs.
Site Designation | Site 1 | Site 2 | Site 3 |
Turbine Model | Vestas V27 | Vestas V27 | Vestas V27 |
Estimated production per annum | 450 MWhrs | 526 MWhrs | 572 MWhrs |
Total Cost | £650,000 | £850,000 | £950,000 |
RICS Valuation | £998,248 | £1,202,210 | £1,328,688 |
ROC / FIT Income | £94,500 | £110,460 | £120,120 |
Income from energy sold to the grid | £31,950 | £37,346 | £40,612 |
Total income | £126,450 | £147,806 | £160,732 |
Operational Costs | £37,145 | £39,281 | £40,573 |
Net income less operational costs | £89,305 | £108,528 | £120,159 |