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Small wind turbines manufacturer Gaia-Wind moves into liquidation

CTBR Staff Writer Published 14 March 2018

Gaia-Wind, a UK-based small wind turbines manufacturer from Glasgow has moved into provisional liquidation owing to a fall in sales.

A reduction in the government tariff support has been cited as one of the reasons for a decline in the company's sales.  

RenewableUK, the voice of the UK wind industry, has blamed the UK government for the company’s liquidation. It said that the government had failed to convey on how it plans to provide small-scale renewable energy in the future.

Gaia-Wind, which had opened a factory in Glasgow nearly seven years ago, has manufactured close to 2,000 small wind turbines for the UK market and also to other parts of Europe, the US, Japan, and other countries.

RenewableUK said that the government has been requested by the wind industry for more than a year to initiate talks on the future of the Feed-in Tariff,  which is due to close to new applicants in March 2019.

It added that the government’s lack of clarity on future policy is now seriously affecting wind and solar companies and also their investors.

RenewableUK executive director Emma Pinchbeck said: “Inaction by Government has real consequences for small businesses and the communities they work with.

“We have warned officials time and again that a failure to treat this issue as urgent puts jobs at risk. These are local jobs created by British entrepreneurs.

“We need clarity on the future of small-scale renewables as soon as possible for the sake of other flagship firms and innovative community energy projects nationwide”.

The Court of Session, Edinburgh has appointed Aberdeen-based Michael Reid of Meston Reid & Co as provisional liquidator, reported SBNN.co.uk.

The liquidator will look out for potential buyers for the Gaia-Wind factory in Glasgow which employs 12 people.

Gaia-Wind Director Johnnie Andringa said: “Appointing a liquidator is the last resort because the board has worked hard over a long period of time to develop a sustainable business in wind energy."