Developer

Banks Renewables

Total capacity of implemented projects

500 - 1000 MW

Countries of projects presence

1

Banks Renewables is a UK-based renewable energy company that specializes in the development, construction, and operation of onshore wind farms, solar parks, and energy storage projects. The company was founded in 1976 as a civil engineering and construction firm, but it has since evolved into a leading player in the renewable energy sector.

Banks Renewables is part of the Banks Group, a family-owned business that operates across a range of sectors, including mining, property development, and renewable energy. The company has a long history of working in the energy sector, having developed its first wind farm in 2006. Since then, it has gone on to develop a portfolio of renewable energy projects across the UK, with a total installed capacity of over 224 MW.

One of the key strengths of Banks Renewables is its expertise in project development. The company has a team of experienced professionals who are skilled in all aspects of project development, from site selection and planning to financing and construction. This allows the company to take a project from initial concept to operation, ensuring that it is delivered on time, on budget, and to a high standard.

Banks Renewables is committed to developing renewable energy projects that are both environmentally and socially responsible. The company works closely with local communities to ensure that its projects are designed in a way that minimizes their impact on the local environment and that they provide tangible benefits to the local community. This includes the creation of new jobs, the provision of community benefit funds, and the support of local initiatives.

One of the key areas of focus for Banks Renewables is onshore wind energy. The company has developed a number of wind farms across the UK, including the Kype Muir Wind Farm in South Lanarkshire, which has a total installed capacity of 88 MW. The company is also currently developing the Moor House Wind Farm in County Durham, which will have a capacity of up to 50 MW.

In addition to wind energy, Banks Renewables is also active in the solar energy sector. The company has developed a number of solar parks across the UK, including the Middlewick Solar Park in Essex, which has a total installed capacity of 48 MW. The company is also currently developing the Armistead Solar Park in Cumbria, which will have a capacity of up to 49.9 MW.

Banks Renewables is also exploring the potential of energy storage as a means of supporting the growth of renewable energy. The company is currently developing a number of energy storage projects across the UK, including the Lockleaze Energy Storage Project in Bristol, which will have a capacity of up to 50 MW.

One of the key challenges facing the renewable energy sector is the need for financing. Banks Renewables has a strong track record of securing financing for its projects, and it has developed strong relationships with a range of lenders and investors. The company is also exploring new financing models, such as community investment schemes, to help support the growth of renewable energy.

Banks Renewables is committed to playing a leading role in the transition to a low-carbon economy. The company is actively exploring new technologies and business models that can help to accelerate the growth of renewable energy and reduce the reliance on fossil fuels. This includes the development of new energy storage technologies, the use of smart grids, and the exploration of new financing models.

In conclusion, Banks Renewables is a leading renewable energy company that is committed to developing projects that are both environmentally and socially responsible. The company has a strong track record of project development and financing, and it is well positioned to play a leading role in the transition to a low-carbon economy. With its expertise in onshore wind, solar, and energy storage, Banks Renewables is well placed to help support the growth of renewable energy in the UK and beyond.