The Machynlleth-based business, which provides renewable
energy solutions - including wind, hydro, biomass and solar
- is to invest £610,000 in developing its wind monitoring
business to meet the rising demand for wind energy
solutions.
The investment, which has been part-funded by the WEGF,
will be used to finance new premises, purchase essential
equipment and to upgrade the IT infrastructure at the
firm's wind division.
As a result of the investment, Dulas forecasts its enhanced
wind development division will generate an additional £5m
of revenue over the next four years as the increased
capacity allows it to deliver on an ever-expanding pipeline
of projects.
The investment into the wind monitoring business will
create seven new jobs, taking the total number of employees
at the firm's Machynlleth headquarters to over 100.
Business Minister Edwina Hart said she was pleased that the
Economic Growth Fund had helped the long-established
company to expand their business.
This investment will help Dulas to increase their
workforce, boost turnover, and increase capacity leading to
the delivery of a number of renewable energy key
projects.
Welsh Government has identified Energy as a priority sector
in our economy. We recognise that, with support, companies
like Dulas can gain competitive advantages, benefit from
growing markets within this sector and strengthen the
conditions to create jobs and sustainable economic growth.
Mike Clay, marketing manager at Dulas, said:
We are delighted to have received this financial assistance
from WEGF. We are this year celebrating our 30th
Anniversary as pioneers in the renewable energy sector and
we have seen the market for such technologies evolve to
become the mainstream activity we view today.
Power from wind in particular is a vital component of our
future energy mix and this investment will enable us to
continue to support the development of commercial and
community wind farms across the UK.
Dulas has delivered over 350MW of consented capacity during
our 30 years in the wind development industry and this
figure looks set to rise considerably in the future as a
result of this investment.
Recommend:
