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Proven Energy brought down by design flaw

Following the identification of a defect in its flagship P35-2 small wind turbine and the inability to obtain necessary additional funding, Proven Energy has been forced to cease trading.

By Kari Williamson

Although the design flaw is believed to be minor and repairable, Proven Energy has had to advise customers to temporarily cease using the product, and the company is now looking for potential buyers of the business.

The P7 and P11 wind turbine models have not been affected.

Proven Energy, which is well-known in the small wind turbine sector, has 75 employees across its sites in Stewarton, Ayrshire, and East Kilbride, South Lankashire, in the UK. 55 have already been made redundant.

The P35-2 small wind turbine has already been recognised by the UK Microgeneration Certification Scheme, which certificates microgeneration technologies used to produce electricity and heat from renewable sources, and is linked to financial incentives such as feed-in tariffs.

Blair Nimmo and Tony Friar of KPMG LLP have been appointed joint receivers of Proven Energy Ltd at the request of the company’s directors.

Nimmo, Head of Restructuring for KPMG in Scotland, says “Proven Energy is a well-known brand in the small wind sector having been established for more than 30 years.

“Although Proven has achieved substantial turnover growth in recent years, the company has made significant losses as it focused on product development, making it difficult for the business to cope financially with the cost of the product failure.”

He adds: “We are hopeful that a sale of all or parts of the business and assets can be achieved and would encourage any interested parties to contact us as soon as possible.

“We are working with government agencies to ensure the redundant employees obtain as much assistance as possible.”

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VickiB said

20 October 2011
A series of roadshows has been announced for farmers keen to learn more about safe renewable energy options in the wake of the collapse of Proven Energy and Icon Energy.

Myriad CEG Power, the UK’s leading provider of onsite green renewable energy systems, has acted to tackle the difficulties and confusion created.

Farmers who already have Proven wind turbines on their land and want advice on what to do next – as well as those considering a move into renewable energy generation, are invited to attend the open days.

The first three are:

• Wind Turbine Seminar and Open Day: Thursday October 27, Wilsey Down freehouse, Hallworthy, Camelford, Cornwall.

• Solar PV System Open Day, Thursday November 3, Holmes Farm, Brant Broughton, Lincolnshire.

• Wind Power Open Day, Tuesday November 8, Riplingham Road, Raywell, Cottingham, East Riding of Yorks.

Myriad works closely with Gaia Wind, which was the only profitable wind turbine manufacturer in 2010 and has a 14-year trouble-free track record.

For further information on attending any of the events, please contact Myriad CEG on 0203 167 0980.

VickiB said

26 September 2011
Hello! For those having difficulties with Proven Energy, Myriad, (whose wind turbines have a 14 year trouble-free record), have launched a helpline offering free advice and support on 0203 056 0874
Hope this helps!
VickiB

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