VANCOUVER - LGC Skyrota Wind Energy Corp. (”LGC Skyrota” “the Company”) (TSX-V: LGS) announced today that its large wind turbine gearbox maintenance division, LGC, has been selected as the preferred supplier of gearbox maintenance services by Eco Wind Power Limited (”Eco Wind Power”), a Dublin-based wind farm operator.
Eco Wind Power’s operational wind farm capacity is 24MW, with a further 121MW of fully approved wind generating capacity under development. The company currently operates 35 wind turbines located throughout the Republic of Ireland and Northern Ireland.
Each wind turbine contains a gearbox that requires full maintenance and repair services every seven to eight years at an average cost of approximately CND$50,000. At present, 17 of Eco Wind Power’s turbines have surpassed the seven to eight year time frame and require immediate refurbishment, while 12 turbines are approaching the deadline and will require maintenance within the next two years.
K. Dallas, Operations Manager of Eco Wind Power, stated, “With 10 failures in the fleet to date, it was essential that a preferred repair company was sought. Based on an inspection of LGC’s operations and a closer inspection within the workshop, coupled with previous repairs performed by LGC, Eco Wind Power found the service to be technically high. We have elected LGC as our preferred gearbox repair company.”
“We are pleased to have been chosen by Eco Wind Power to provide gearbox maintenance services for their existing and growing inventory of turbines,” said Richard Hogg, Managing Director of LGC. “We look forward to working with them as they progress in the rapidly expanding wind energy industry. Our recently purchased facility in Limavady, Northern Ireland contains the enhanced production space and capabilities necessary to provide superior maintenance services for Eco Wind Power as well as all of our existing and future maintenance customers.”
LGC Skyrota’s existing maintenance customers include:
- Vestas Wind Systems, the largest wind turbine manufacturer in the world; - Airtricity, a wind farm developer with 40 wind farms across Europe and North America; - Viridian Group, the leading independent energy company in the all-Ireland market; and - Hibernian Wind Power, a Dublin-based company that develops, operates and maintains wind farms throughout Ireland.
Eco Wind Power, as a subsidiary of Viridian Power and Energy Holdings, owns five operational wind farms and is in the process of developing further sites within the Republic of Ireland and Northern Ireland. Its operational wind farms use gearboxes from a variety of manufacturers.
About LGC Skyrota Wind Energy Corp.
LGC Skyrota Wind Energy Corp. is a leader in the development and maintenance of clean-energy producing wind turbines. With operations based in Northern Ireland and executive offices located in Vancouver, B.C., the Company is well-positioned to expand throughout Europe and enter the North American market. The Company operates two business divisions: LGC, which rebuilds gearboxes for large wind turbines, and Skyrota, which manufactures a revolutionary 5kW small vertical-axis wind turbine. LGC Skyrota trades on the TSX Venture Exchange under the symbol LGS. For more information, please visit www.limgear.com and www.skyrota.com. (Note that these websites contain product information only - a new investor-friendly website, www.lgcskyrota.com, will be launched in October 2009.)
Forward Looking Statements
This news release contains statements and information that, to the extent that they are not historical fact, may constitute “forward-looking information” within the meaning of applicable securities legislation. Forward-looking information may include financial and other projections, as well as statements regarding future plans, objectives or economic performance, or the assumption underlying any of the foregoing. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. A complete discussion of risk factors is available in the Company’s prospectus available on SEDAR.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information: Thomas Braun, CEO, LGC Skyrota Wind Energy Corp., Telephone:+1(604)605-1635
Source: LGC Skyrota Wind Energy Corp.
For further information: Thomas Braun, CEO, LGC Skyrota Wind Energy Corp., Telephone:+1(604)605-1635
Related Press Releases
LGC Skyrota Wind Energy Corp. Purchases State-of-the-Art Facility From Seagate TechnologyOctober 4th, 2009 VANCOUVER - LGC Skyrota Wind Energy Corp. ("LGC Skyrota" "the Company") (TSX-V: LGS) announced today that it has completed the purchase of a fully equipped state-of-the-art facility that enhances the capabilities and growth prospects of its large-turbine maintenance and small-turbine development divisions.
Deep Research on China Wind Turbine Blade IndustrySeptember 30th, 2009 2009-2013 Deep Research on China Wind Turbine Blade Industry ( http://www.bharatbook.com/Market-Research-Reports/2009-2013-Deep-Research-on-China-Wind-Turbine-Blade-Industry.html ) It was a professional and depth research report on China Wind Turbine Blade industry. Since 2009, the price of China's wind turbine blade has decreased substantially, which is a big challenge for these new entrants and existing wind turbine blade manufacturers.
EU Must Act to Tap Europe's Largest Energy Source say BusinessesSeptember 24th, 2009 BRUSSELS - More than 140 company representatives in 38 countries have signed the European Offshore Wind Declaration, calling on national governments and the EU to give the necessary political and legislative support to develop a new multi-billion Euro offshore wind industry. Offshore wind energy has the potential to power Europe seven times over, and offshore wind projects already in various stages of planning would, if realised, supply 10% of Europe's electricity demand.
LGC Skyrota Wind Energy Corp. Announces Hiring of Investor Relations Consulting FirmSeptember 14th, 2009 VANCOUVER - LGC Skyrota Wind Energy Corp. ("LGC Skyrota" "the Company") (TSX-V: LGS) announced today that it has engaged Toronto-based BarnesMcInerney Inc.
LGC Skyrota Wind Energy Corp. Acquires UK Wind Energy BusinessSeptember 7th, 2009 VANCOUVER - LGC Skyrota Wind Energy Corp. ("LGC Skyrota" "the Company") (TSX-V: LGS) today announced it has completed the acquisition of the business and assets of Limavady Gear Company ("LGC"), a leading European provider of wind turbine maintenance services.
Ballast Nedam: Heavy Lift Vessel Svanen at Work for BelwindSeptember 1st, 2009 NIEUWEGEIN, The Netherlands - Ballast Nedam's heavy lift vessel Svanen left the port of Rotterdam last week end. The Svanen has been commissioned by Van Oord Dredging and Marine Contractors to drive 56 steel piles for the foundations of the Belwind offshore wind farm off the coast of Zeebrugge (Belgium).
Wind Power Works: Global Wind Day Reaches Tens of Thousands of PeopleJune 16th, 2009 BRUSSELS - On 15 June, tens of thousands of people from around the world joined in celebrating the enormous benefits of wind power during the first ever Global Wind Day. "Wind energy is a driving force for climate protection, economic development and the creation of future-proof jobs", said German Environment Minister Sigmar Gabriel.
Workshop: Wind Energy - The Facts - Integrating Wind Power in HungaryJune 9th, 2009 BUDAPEST - 12 June 2009
- Radisson SAS Béke Hotel
- Budapest, Hungary
The European Wind Energy Association (EWEA) and the Hungarian Wind Energy Association (HuWEA) are pleased to invite you to a workshop exploring the untapped wind power potential in Hungary and issues related to the further development of this power-generating technology in the country. The key-note speakers will be: György Szerdahelyi, Head of Department, Ministry of Transport, Telecommunication and Energy, Hungary Máté Kovács, Councillor, Ministry of the Environment and Water, Hungary Jacopo Moccia, Policy Officer, European Wind Energy Association, Belgium Andrea Hercsuth, Policy Officer, Directorate General for Transport and Energy, European Commission, Belgium Péter Tóth, President, Hungarian Wind Energy Association, Hungary Please find the full programme attached.
Grid Development Essential for Romanian Wind Industry's GrowthJune 1st, 2009 BUCHAREST - "Wind energy will be key for us to reach our 2020 renewables target," Alexandru Sandulescu from the Romanian Ministry of Economy told delegates at a European workshop on the integration of wind energy in Romania this morning. The workshop was organised by the European Wind Energy Association (EWEA), the Romania Wind Energy Association (RWEA) and the Centre for the Promotion of Clean and Efficient Energy in Romania (ENERO).
Workshop: Wind Energy - The Facts - Integrating Wind Power in RomaniaMay 19th, 2009 BUCHAREST - The European Wind Energy Association (EWEA), the Romania Wind Energy Association (RWEA) and the Centre for the Promotion of Clean and Efficient Energy in Romania (ENERO) are pleased to invite you to a workshop exploring the untapped wind power potential in Romania and issues related to the further development of this power-generating technology in the country. The key-note speakers will be: Arthouros Zervos, President, European Wind Energy Association (EWEA) Tudor Serban, Secretary of State for Energy, Ministry of Economy, Romania Alexandru Sandulescu, Energy Directorate, Ministry of Economy, Romania Please find the full programme attached.
Related News
Suzlon's Gujarat wind power plant to be ready in SeptemberMay 26th, 2009 GANDHINAGAR - A 52 MW wind power plant that Suzlon Energy is executing for Gujarat State Petroleum Corp (GSPC) in Gujarat will be commissioned in September, a state government official said. "The work on the project site in the Kutch region has started.
Indian Oil's Gujarat wind power project is readyMay 13th, 2009 KANDLA - Public sector refiner Indian Oil Corp (IOC) has completed its 21 MW wind power project near the port town of Kandla, a top official said Wednesday. The wind farm, set up at a cost of Rs.130 crore, would be formally inaugurated later this week, the IOC official, who did not want to be named, told IANS.
GAIL plans wind energy projects in GujaratMay 12th, 2009 AHMEDABAD - Gas marketing major Gail India is planning to establish a series of wind power projects in Gujarat during the current fiscal, a senior official said Tuesday. 'The company has invited bids for setting up wind power projects of 4.5 to 5 MW capacity each on a turn-key basis.
Sempra Energy, BP partner in wind farm project in IndianaSeptember 18th, 2009 Sempra Energy, BP partner in wind farm projectSAN DIEGO — Sempra Generation, a subsidiary of Sempra Energy, said Friday it has become an equal partner with BP Wind Energy, a wholly owned subsidiary of BP PLC, in developing a wind farm in Indiana. The venture will help develop a 200-megawatt Fowler Ridge II Wind Farm on a 17,000-acre site about 90 miles northwest of Indianapolis.
GE and Plutonic Power delay proposed sale of Canadian wind farmAugust 18th, 2009 Canadian wind farm sale delayedNEW YORK — GE Energy Financial Services and Plutonic Power Corp. said Tuesday they need more time to decide whether to buy the Dokie Ridge Wind Project, the largest wind farm under construction in British Columbia.
Irish company buys 3 Illinois wind farms, encouraged by Obama push for clean energyJune 15th, 2009 Irish company buys Ill. wind farmsCHICAGO — An Irish company hoping to benefit from the Obama administration's emphasis on renewable energy purchased three Illinois wind farms near Chicago.
China has enough wind power to meet its electricity demandJune 18th, 2009 BEIJING - China's potential wind power resources alone are sufficient to meet its entire electricity demand, the country's top wind power research institute has said. Xiao Ziniu, the director of the National Climate Center (NCC), said China's onshore wind power potential has been evaluated at between 700 gW and 1,200 gW, exactly within the range of the country's 790 gW power generating capacity for 2008.
Big Western electric power generator plans 51-megawatt wind farm in eastern ColoradoJuly 6th, 2009 Big Western power generator plans Colo wind farmDENVER — A major regional power supplier has reached a deal to buy electricity from a new wind farm in Colorado. Tri-State Generation and Transmission Association formally signed a 20-year deal on Monday to buy power from a wind farm that Duke Energy will build near Burlington in eastern Colorado.
'Wind power can meet quarter of India's energy needs by 2030'September 10th, 2009 NEW DELHI - With proper incentives, wind power can meet over 24 percent of India's energy needs by 2030, says a study carried out by the Global Wind Energy Council (GWEC) and the Indian Wind Turbine Manufacturers Association (IWTMA). Releasing "Indian Wind Energy Outlook 2009" here Wednesday evening, Minister for New and Renewable Energy Farooq Abdullah said it was his dream to see windmills all over India the way one would see them in Europe.
Duke Energy says wind projects in Pennsylvania, Wyoming now onlineOctober 1st, 2009 2 Duke Energy wind projects now runningCHARLOTTE, N.C. — Power company Duke Energy said Thursday that wind power projects in Wyoming and Pennsylvania are now up and running.
