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High profile wind farm goes on sale in Wales

Moel Maelogan comprises three turbines and the two currently being sold are owned by Cwmni Gwynt Teg Ltd and the remaining turbine is owned by Energiekontor UK Ltd.

Since it became operational in 2003 the two turbines have generated on average over seven million kw hours of electricity a year, enough for around 1,500 homes, according to marketing agents Savills Energy.

‘The potential of renewable energy production in Wales is enormous, and is yet relatively untapped. Moel Maelogan is a rare text book example of a sensitively designed and profitable scheme and will enable the right investor or developer to get involved at ground level, contributing to their green energy objectives,’ said Nick Green of Savills Energy.
‘The world faces unprecedented challenges in tackling climate change. This is creating huge opportunities for investors as companies and countries all over the globe move towards a low carbon future,’ he explained.

‘Wind energy is currently one of the fastest growing of all the renewables, increasing at a rate of around 21% per annum globally. Such growth is being driven by a number of factors, including government policy and targets and improvements in turbine technology,’ he added.

Miles Thomas, head of operations at Savills Energy, expects the property provoke lots of interest from some unlikely quarters. ‘Such investments are usually the preserve of a fairly restricted marketplace but the wider investment community is increasingly looking to diversify its exposure to other markets. Wind farms and other forms of energy investments tend to share similarities with property investments yet track a different set of stimuli and therefore will suit many of our buyer contacts,’ he added.