Sunday, 5 February 2017

The Great Wind Farm Sell-Off

A Canadian wind energy group, Brookfield Renewable, has recently decided to sell 130MW of Irish wind farms. It bought the wind farms in 2014 when Bord Gais were selling off it's assets. 

Gaelectric, an Irish wind company, are selling off 230MW of Irish wind farms to a Chinese energy group - CGNEE.  

This recent trend of selling Irish wind farm assets may have something to do with a High Court case involving Enercon Wind Farm Services and a group of residents in Banteer, Co.Cork. While the case is not yet settled and due for hearing again in April, one Irish newspaper published reports that Enercon have accepted liability for nuisance, this was then disputed by Irish Wind Energy Association, and the article has being taken down.

My sources tell me that the residents have being forced to move out due to noise and disturbance from the nearby wind farm.

UPDATE : The newspaper in question has today published that seven families are on course to receive damages in this case :


  1. A proper response to the admission that wind farms are a public nuisance would be to cease all investment in wind. As it is likely that the liabilities will be significant causing many wind farms solvency problems. Moneypoints conversion looks more attractive by the day

  2. It is the responsibility of the Directors of limited companies to record any legal liabilities with might effect the going concern principle of the business. This must be done on the date of filing the next set of annual accounts with the Companies Office. Such a liability would effect the asset value of the wind farm. The duty only applies on service of Notice of Motion. However if it appears these type of claims are becoming more common, the value of all wind farms would be impaired. Who would want to buy into liability which could amount to a lot of money?

  3. Are wind farms intended to reduce global warming? If so, the project started in 2009 under Habibullo Abdussamatov, Head of Space Research of the Sun Sector at the Pulkovo Observatory of the Russian Academy of Sciences is of interest.
    Dr. Abdussamatov's premise is that we are approching a period of gobal cooling that is governed by the sun-earth relationship, and that the resulting low temperatures may greatly diminish our capacity to move fossil fuels at the time we really need them.
    Read detailed project description at

  4. Are they complying the government policies?