PROJECT T1
What is Project T1?
A little background – we have owned the freehold land in Staffordshire for over 10 years. We have been operating and producing electricity for the grid since 2015 and the site has had the benefit of the Government initiative the Feed In Tariff since that time.
Due to changes in onshore wind policy in 2024, we have been able to gain planning permission to increase the height of our turbine from 43m to 61m.
The Government has promised to deliver a zero-carbon electricity system by 2030 – current targets will fall well below this. We are keen to maximise our site to its full potential to help towards the Government “long-term plan to make Britain a clean energy superpower”.
Overview
Nue Generation have the benefit of a 25 year lease to rent land for the use of power generation - the rental terms are £30,000 per annum (with 5 yearly rent reviews). We are offering the following:
*Limited Shares Available: only 300 shares available at £1000 each.
* Return on Investment: 10% per annum paid quarterly.
* Additional Dividends: 5% of export revenue, divided equally among shareholders. Paid quarterly.
How we are different from other renewable company investments?
We have simplified it for investors –
• you are buying a share of a company that owns the freehold land that the turbine stands on.
• The turbine will have the benefit of a 25 year lease to rent the land for use of power generation. The rental terms are £30,000 per annum with 5 yearly rent reviews. This is the going rate for turbine companies renting land.
• Unlike our competitors, you will be paid money back on your investment into your bank account every quarter – not off your utility bills or every once in a while. Quarterly at a 10% annual return – very simple.
• Paid quarterly and with the added benefit of 5% additional dividends paid on export revenue from the turbine, to be divided equally between shareholders. Again, paid QUARTERLY.
We own our land freehold so there is low risk for investors losing out – the land is owned outright and unencumbered of any debts or loans.
All investments have a level of risk, but some are less risky than others, which is why doing your research before making an investment is so important.
Where does my investment go?
Foundations: The foundation work is a crucial step for ensuring the structural integrity of the turbine.
​
Contractors: Skilled contractors will be needed for various phases of the project, including civil works, electrical installations, and structural adjustments. These contractors will handle tasks such as site preparation, construction, and electrical grid connections.
​
Crane Costs: Large cranes are necessary to lift and position the wind turbine components, including the tower, nacelle, and rotor blades. Crane rental and operation can be significant costs especially if the weather plays up.
​
Engineers on Site: A team of engineers will be needed to supervise the installation process, ensure safety standards, and handle any technical challenges that arise. These include wind turbine engineers, structural engineers, and electrical engineers, among others.
​
Turbine (V47) Refurbishment and Installation: The turbine itself, in this case, a Vestas V47 model, may require refurbishment of critical components like the gearbox, blades, or generator. Once refurbished, the turbine will be transported to the site, assembled, and installed on the foundation.
​
Sign-Off: Once installation is complete, the turbine will need to be tested and inspected. Engineers will ensure the turbine is working properly, and safety and compliance checks will be carried out. A formal sign-off will be required before the turbine is connected to the grid and begins generating power.
​
Given the scope of the project, careful planning and budgeting are essential to ensure everything runs smoothly, with attention to detail at each stage.
There is a lot to do!
When will I see a return on my investment?
The timescale for a return on investment is as soon as the turbine starts generating – or by 1st July 2025 at the latest. Whichever is first.
Why are we changing the turbine at T1?
We gained planning consent to increase the size of the wind turbine and therefore to increase the ability to create more renewable energy – this is called repowering. Repowering is a proven and preferred route to increasing renewable generation.
This chart shows the power curve of the current Micon M530 turbine at the site, compared to the Vestas V47 wind speed data. This data has been taken from windpower.net and shows how much better performance is at lower wind speeds than the Micon.
​
​​
​​
​​
​​
​​
​​
​​
​​
​
​​​​
Other Benefits?
All investors will be able to have log in access to view the weekly data provided from the turbine. You will be able to see regular updates on what the turbine is producing and see how the different weather conditions and seasons will affect the turbines output.
There will be an ongoing blog on how the site is performing and during the build, there will be regular updates for members to see how and where their money is going – from foundations to watching the crane put the blades in place! You will be able to follow the progress as it happens.
Don’t forget that 5% dividend payment of export revenue, paid quarterly and divided equally amongst shareholders. Having access to the data will enable you to understand what dividends will follow that quarter, as well as enjoy graphs, facts and figures about the turbine and output and see a comparison of what is happening month by month, year by year. Perfect for any turbine enthusiasts like us!