One of Britain's leading green energy companies Ecotricity has acquired small wind turbine firm Evance out of administration – ensuring vital expertise is retained and green technology comes to market in the next 12 months.
Evance have an innovative new windmill design 90% of the way through development and nearing the production stage, following the manufacture and supply of almost 2,000 of smaller wind turbines –between 10-20m tall – to Britain and locations across the globe from the USA and Madagascar over the past decade.
However, with Government increasing the anti-wind rhetoric and after cutting Feed In Tariffs last month for the second time in the past year, Evance was suddenly placed into administration last month after investors were spooked.
Ecotricity founder Dale Vince said: “So many small wind companies are going out of business in Britain due to Government policy.
“With the green sector responsible for around 10%of Britain's GDP growth, that's hard to fathom.
“Despite this we're very pleased to be in a position to save Evance's green sector expertise and new technology that we will bring to market in the next 12 months.
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