5,000 Lanarkshire Homes to be Powered by Renewable Energy

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Five thousand Lanarkshire homes are set to receive green energy, after Muirhall Energy secured a £9million finance package from Santander Corporate & Commercial to expand the Muirhall Windfarm.

Based in South Lanarkshire, the Muirhall Windfarm has been operating since 2010 with six turbines producing 39,400 Megawatts hours (MWh) of power per year. It is adding two new turbines to the site, the tallest in the UK, to increase production to 60,800 MWh per year – enough to power over 14,300 homes each year. This energy will replace energy produced by less environmentally friendly methods, such as coal and gas power stations, and will prevent 26,144 tonnes of carbon dioxide emissions each year.

Managing Director Chris Walker has been operating in the sector since 2003, and set up Muirhall Energy in 2009. His team has over 35 years combined experience in developing renewable energy systems. Muirhall Energy currently has a portfolio of renewable energy projects in the planning and pre-planning phases including single wind turbine sites, small to large wind farm developments and anaerobic digestion plants. Work on the Muirhall Windfarm Extension will start this year and is expected to be operational in 2014.

Chris Walker, Managing Director of Muirhall Energy, said: “We are passionate about providing clean and renewable energy to our local community and we are delighted that we have secured the finance to purchase the extra turbines to significantly increase the productivity of the Muirhall Windfarm. As demand for power increases and fossil fuel reserves deplete it is important we continue make the most of alternative sources of energy and wind power continues to be one of the most cost effective and green solutions.”

Arthur Lawrence, Relationship Director for Santander Corporate & Commercial, said: “We are thrilled to support the Muirhall Windfarm extension. Onshore wind already plays a leading role in the generation of renewable energy in the UK and will be key in reducing greenhouse emissions. Muirhall Energy has an experienced team and I look forward to working with them.”

About Us

Santander Corporate & Commercial provides dedicated relationship banking support to businesses with a turnover of more than £250,000 through the bank’s 35 regional corporate business centres located across the UK. It is part of Santander UK plc, a full-service retail and commercial bank providing services to 25 million customers, with almost 1,200 branches. It is a wholly owned subsidiary of Banco Santander, managed autonomously, with its own local management team. Santander UK is firmly focused on the UK with c. 99% of customer assets UK-related. The total balance sheet remains UK focused, with a minimal net exposure after collateral to eurozone periphery countries only amounting to c. 0.4% of total assets.

Santander UK is subject to the full supervision of the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) in the UK. Santander UK plc customers are protected by the Financial Services Compensation Scheme (FSCS) in the UK.

Banco Santander (SAN.MC, STD.N, BNC.LN) is a retail and commercial bank, based in Spain, with a presence in 10 main markets. Santander is the largest bank in the euro zone by market capitalization. Founded in 1857, Santander had EUR 1.342 trillion in managed funds, 102 million customers, 14,680 branches – more than any other international bank – and 186,785 employees at the close of June 2013. It is the largest financial group in Spain and Latin America. It also has significant positions in the United Kingdom, Portugal, Germany, Poland and the northeast United States. In the first half of 2013, Santander registered EUR 2,255 million in attributable profit, an increase of 29% from the same period of the previous year.

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