ORENDA ENERGY SIGNS DEAL WITH CHINESE INVESTMENT ADVISORY FIRM TO BROADEN ASSET PORTFOLIO FOR HIGH NET WORTH CLIENTS
Orenda Energy Solutions, a turbine manufacturer for the global medium distributed wind industry, has signed a major trade agreement with one of China's leading boutique investment advisory firms to implement a planned financial growth strategy of investment through the purchase of Orenda's 51kW medium wind turbines for its high net worth clientele.
Monday 15th June 2015
• Deal supported by Scottish Development International and China Britain Business Council
Livingston-based Orenda Energy Solutions, a turbine manufacturer for the global medium distributed wind industry, has signed a major trade agreement with one of China's leading boutique investment advisory firms to implement a planned financial growth strategy of investment through the purchase of Orenda's 51kW medium wind turbines for its high net worth clientele.
The deal has been struck between Orenda Energy and China ZhuangHe Investment ("CZH") a boutique investment advisory firm. It has the support and backing of Scottish Development International (SDI), The China Britain Business Council in the UK and an influential non-profit charity foundation which fosters China / European business relations, The Cross-Strait China Culture Communication Foundation based in Beijing.
China ZhuangHe will offer Orenda's 51kW medium wind turbine as an investment portfolio asset to high net worth customers looking to achieve fixed term growth and a strong aggregate rate of return on investment within a short/medium timeframe.
The investment offer to China ZhuangHe's high net worth clients is to provide a capital investment back to Orenda Energy of GBP2 million. These funds will enable Orenda to purchase and install 51kW SKYE medium wind turbines on investor-ready UK sites and from the Feed-in Tariff (FiT) generated revenue, will guarantee an 8% annualised return on the invested cash with the loan repaid in its entirety by the seventh year.
Moreover, with an increasingly growing number of high net worth Chinese individuals eager to invest money in the UK, Orenda' Energy's CEO Gerry Lalonde sees far reaching benefits for this trade agreement deal with China ZhuangHe Investment.
"We have proved this investment is robust and capable of excellent returns. We already have a consortium of US Investors broadening their asset portfolios and securing Orenda's SKYE turbine as a financial investment vehicle which should realise a significant rate of return over a 20 year period through the Government FiT programme. We have structured a broadly similar deal for wealthy Chinese individuals and have a number of investor ready consented sites procured and available to them.
"Any clients of China ZhuangHe Investment interested in this deal will have a ready-made opportunity to gain a profound foothold in the UK and capitalise on the extremely healthy return on investment in a short/medium timeframe. Moreover, we will offer them complete performance guarantee, plus all risk insurance package including loss of income. "
James Brodie, Manager and China Business Adviser, Scotland, China-Britain Business Council, commented;
"We are delighted to have introduced Orenda Energy to CZH. At the beginning of this year, for the first time ever, Chinas outbound investment exceeded its inbound investment and Chinas high net worth Individuals are an important part of this new development.
This is a great example of how exciting investment opportunities in Scotland are beginning to catch the attention of Chinese entrepreneurs and is testament to Orendas global outlook and innovative approach."
Ends
About Orenda Energy Solutions:
Orenda Energy Solutions designs and manufactures fully integrated wind turbine systems for the rural segment of the small distributed wind industry. Orendas 51kW Skye™ wind turbine is the solution of choice for farmers, large acreage landowners, and wind park developers and investors.
See more at: www.orendaenergy.com
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