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Ludgate Environmental Fund invests £1.43 million in Dutch wind turbine manufacturer, Emergya Wind Technologies

Date: 04 Jan 2008

Citywealth

EWT is a Dutch-based manufacturer and supplier of wind turbines and turnkey wind parks. It specialises in the development and manufacture of advanced, direct-drive (gearless) wind turbines. EWT was established in 2004 by the acquisition of the intellectual property of Dutch wind turbines manufacturer Lagerwey. The current product portfolio consists of the 750 KW and 900 KW series and EWT is also developing larger wind turbines for both onshore and offshore applications.

Nick Pople, Director of Ludgate Investments Ltd, LEF’s Investment Adviser said: “Wind energy is currently one of the fastest growing renewable energy segments. 24% of new power generating capacity built in Europe over the last 15 years has been wind-powered generation. There is huge global demand for wind turbines and supply simply cannot keep up. This represents an excellent opportunity for EWT.”

Gerry Van der Sluys CEO of EWT said: “This financing creates a very solid basis for the execution of our strongly growing order book. It is a major step in the next phase of our development.”

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