wind

Orenda Energy signs trade agreement with Chinese investment firm

Wind turbine manufacturer Orenda Energy Solutions has signed a major trade agreement with China ZhuangHe Investment (CZH) involving the supply of Orenda’s 51 kW medium wind turbine.
Orenda Energy signs trade agreement with Chinese investment firm

Orenda manufactures turbines for the global medium distributed wind industry while China ZhuangHe Investment (CZH) is a boutique investment advisory firm. The agreement between the two companies will implement a planned financial growth strategy of investment through the purchase of Orenda’s 51 kW medium wind turbines for CZH’s high net worth clientele. China ZhuangHe will offer Orenda's 51kW medium wind turbine as an investment portfolio asset to high net worth customers looking to achieve fixed term growth and a strong aggregate rate of return on investment within a short/medium timeframe.

The deal has the support of Scottish Development International (SDI), The China Britain Business Council in the UK and an influential non-profit charity foundation which fosters China / European business relations, The Cross-Strait China Culture Communication Foundation based in Beijing. The investment offer will provide a capital investment back to Orenda Energy of £2 million. These funds will in turn enable Orenda to purchase and install 51kW SKYE medium wind turbines on investor-ready UK sites and from the Feed-in Tariff (FiT) generated revenue, will guarantee an 8 percent annualised return on the invested cash with the loan repaid in its entirety by the seventh year.

“We have proved this investment is robust and capable of excellent returns” said Orenda' Energy's CEO Gerry Lalonde. “We already have a consortium of US Investors broadening their asset portfolios and securing Orenda's SKYE turbine as a financial investment vehicle which should realise a significant rate of return over a 20 year period through the Government FiT programme. We have structured a broadly similar deal for wealthy Chinese individuals and have a number of investor ready consented sites procured and available to them. Any clients of China ZhuangHe Investment interested in this deal will have a ready-made opportunity to gain a profound foothold in the UK and capitalise on the extremely healthy return on investment in a short/medium timeframe. Moreover, we will offer them complete performance guarantee, plus all risk insurance package including loss of income.”

James Brodie, Manager and China Business Adviser, Scotland, China-Britain Business Council, added that at the beginning of the year, for the first time ever, China’s outbound investment exceeded its inbound investment. China’s high net worth individuals are an important part of this new development. Mr Brodie said that the deal is a great example of how exciting investment opportunities in Scotland are beginning to catch the attention of Chinese entrepreneurs and is testament to Orenda’s global outlook and innovative approach

For additional information:

Orenda Energy

China ZhuangHe Investment (CZH)

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