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Funding to boost revenues at Wales’ oldest renewables business

One of the UK’s longest-established renewables companies, Dulas, is set to boost its turnover by over £5 million over the next four years thanks to a £110,000 grant from the Welsh Government’s Economic Growth Fund (WEGF).
Wednesday 20 June 2012

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."



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Business and economy 20 June 2012 Economy Mid Wales

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