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Bridgend-based Cenin Renewables Secures £3m Investment From Barclays

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Cenin Renewables Ltd based at Parc Stormy, Bridgend is increasing renewable energy production after completing its latest solar farm at Home Farm, St Georges.

The £3 million investment supported by Barclays will create a 20 acre site with 11,500 solar panels capable of producing enough clean electricity to power 800 homes for the next 25 years and beyond.

Established in 2011 Cenin Renewables Ltd operates alongside Cenin Ltd and has a history of strategic investment in renewable energy sources such as wind and photovoltaic (PV) provides all the power requirements for Cenin’s on site Low Carbon cement plant.

© Roger Donovan, Media Photos

Martyn Popham, director at Cenin Renewables Ltd said:

“The new investment allows us to expand our clustering strategy to deliver sustainable jobs and local economic prosperity. Cenin Group is demonstrating that Wales has the opportunity to harness natural and waste resources to help improve economic activity, reduce carbon emissions and increase resource efficiency at the same time.

We all live on an increasingly crowed planet. Over the next 50 years there will be increasing competition for work, and possibly even for food and water. We currently use around three times more resources than the planet can sustain, so we need to better use materials harness nature resources and create less waste.

Our energy comes from the wind, sun and organic carbons which are not currently harnessed, not everybody understands that renewable energy does not run out (when will the wind stop blowing?) and possibly most importantly local energy generation means local jobs.”

Jason Llewellyn, Barclays Corporate Banking Director said:

“By really understanding the business and the industry sector, Barclays has been able to deliver a funding package to support Cenin Renewables Ltd throughout this exciting development. A major investment like this demonstrates both Barclays and the management team’s confidence in the success of the business. The cluster of green technologies at Parc Stormy offers a fantastic opportunity for educating future generations in sustainability and low carbon energy production. Cenin group is showing that economic benefit and job creation can be delivered by embracing a collaborative approach towards renewables which is commonplace in mainland Europe.”

© Roger Donovan, Media Photos

Martyn Popham, Director at Cenin Renewables Ltd continues:

“As part of our ongoing development at Parc Stromy we are planning an Energy storage facility, and another wind turbine which will go online during 2017. Renewable technology requires significant capital expenditure but new technology is also making renewable energy more commercial. The new solar farm at St Georges is half the cost of our original solar site built 5 years ago but will produce more clean electricity. Wales is blessed with natural resources and is vital that we use those resources to create local economic benefit and long term stable power.”

For further information visit www.ceninrenwables.co.uk