Parabola Bute Energy, Scottish Echoes

On 05/08/202406/08/2024 By JacIn Colonialism, Corruption, Welsh Government, Welsh Labour, Wind Turbines38 Comments

This piece has been prompted by information received from Scotland, which may clear up a lingering mystery, while also telling us more about the operations of those involved with Parabola Bute Energy.

I use that name because I’m convinced that Bute Energy, which wants to build some 20 wind farms in Wales, plus other installations, also mile after mile of pylons, is little more than a venture into the renewables sector by property group Parabola.

I say that because the ultimate holding company for all Bute companies is Windward Global Ltd. This company is controlled by Oliver James Millican. He is the son of Peter John Millican, who runs Parabola.

The son worked for the father at Parabola, as did the other Bute principals (though some have since left Bute). They all ‘departed’ Parabola late in 2017 or early in 2018.

But to avoid confusion, I’ll stick to the name you’ve become familiar with.

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NEWS FROM THE NORTH

I’ve written a lot about ‘Bute Energy’, in its various incarnations, but always from a Welsh perspective. And despite consistently identifying it as a Scottish company, I’ve never really looked into what Bute’s owners might have got up to in Scotland.

So let’s put that right. Starting with a warehouse, a very big warehouse, over 122,000 sq ft; it’s to the east of Glasgow, not far off the M8, which runs to Edinburgh.

It was reported on October 2, 2018 that the Titan warehouse had been bought for £6.5M by Grayling Capital. This is Grayling Capital LLP, formed just over a year earlier.

If we turn to the Members of this LLP, we see the names of Oliver James Millican, Stuart Allan George, and Lawson Douglas Steele. These are the names we’ve become familiar with as they keep turning up as directors of the Bute companies in Wales.

At the bottom of the list we see David James Taylor, a Labour insider in Wales whose name has cropped up a few times in the Bute saga.

The warehouse had been used by Lidl, but the company decided to move out to a purpose-built warehouse of their own. So Grayling looked around for a buyer. They didn’t find one, but the Covid pandemic did provide a tenant, in the form of the Scottish government. Or rather, the Scottish NHS.

The lease runs to 31 January 2031, at £766,094 per annum. Which was a good bit of business for Grayling, but it got better. For in March 2021 the warehouse was sold for £14.326m to the Lothian Pension Fund. Ultimately owned by the City of Edinburgh Council.

Though I ask myself, why did Lothian Pension Fund pay £14.3m for a property it must have known sold for half that price just over two years earlier? Did the Auditor General get involved?

Grayling Capital LLP is now liquidated.

In the report I just linked to you’ll see the sale worded thus:

The Lothian Pension Fund has acquired a prime logistics warehouse at Eurocentral in North Lanarkshire from Windward Titan.

Windward Titan was a vehicle set up specifically for the warehouse deal in Scotland, and that explains why it hasn’t been mentioned on this blog. Though ‘Windward’ should certainly be familiar to regular readers. It crops up with a number of other companies.

Windward Titan is now dissolved.

The directors were of course Millican, Steele, and George. Control was exercised by Windward Enterprises Ltd, which is now – since St David’s Day this year – known as Windward Energy Ltd. Which is in turn owned by the company mentioned above as the ultimate holding company, Windward Global Ltd.

Here’s the warehouse disappearing from the Windward Titan balance sheet.

You’ll see that the warehouse was valued at just over £7 million. It sold for £14.3 million. And on top of that there’s the income of £766,000 a year from the Scottish NHS until 2031. Did that lease transfer to the new owner?

What’s more, a Scottish source tells me that the value of the warehouse was increased because as part of the lease the Scottish government agreed to undertake improvements costing £2.75m.

Bizarrely, this work meant that the warehouse could not be used at the height of the pandemic – which was the reason for taking out the lease in the first place!

One reason I find this story from Scotland so interesting is that it seems to presage what we’ve seen in Wales. More on this later.

Another reason is that those involved in the warehouse deal are now in Wales posing as planet savers, but they are first and foremost property speculators.

Never, ever, forget that.

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WHO FILLED THEIR BOOTS, AND HOW?

Windward Titan was started with a single £1 share and there was never any money in the kitty, just the value of the warehouse. The only cash money appeared at the end, from the parent company, to settle up with the liquidators.

So to follow the money we need to turn to Grayling Capital LLP.

A LLP is a Limited Liability Partnership, popular with solicitors, accountants, and other professionals working as a partnership. When used in a more commercial context it can disguise ‘opaque’ dealings.

What you see below is from the final page of Windward Titan’s financial statement for year ending 31.03.2020.

It tells that the Titan warehouse was bought by Windward Titan with a loan from parent company Windward Enterprises Ltd. And it also confirms that everything is ultimately owned by Windward Global Ltd and Oliver James Millican.

To return to Labour insider David James Taylor. Who’d been Spad to Peter Hain MP and Welsh first ministers Rhodri Morgan and Carwyn Jones. More specifically, to the money given to his company Moblake Ltd (originally Moblake Wind Ventures Ltd).

From Moblake Ltd financial statement for y/e 31.03.2021. Click to open enlarged in separate tab

There were two possible sources for the ‘interest free loan’ of £605,872 Taylor made to himself. Both linked to Bute.

One was his shares in Windward Energy Ltd (formerly Windward Enterprises Ltd), but he held these shares until July 22, 2022. Whereas the mysterious £600,000+ had been and gone from Moblake at least a year earlier.

The answer would seem to be Taylor being a Member of Grayling Capital LLP. He ceased being a Member September 13, 2021, which ties in with the sale of the Titan warehouse in March of that year to the Lothian Pension Fund.

The question then becomes . . . why was Taylor, living either in Wales or London, involved with a Scottish company doing business in Scotland?

I think the answer may lie in the timing. Taylor joined Grayling Capital in September 2019, a year after the Bute boys seem to have found their way to Wales. They hired him to open doors in Corruption Bay and elsewhere.

So let’s look at what happened. And how I think it was done.

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BUTE COMES TO WALES

Now we’re going to look at how a clearly Scottish company manoeuvred itself into such a dominant position in Wales. But it could only have been done with the help of the Labour party.

On this blog, I first mentioned Bute Energy in November 2018, in Corruption in the wind?. But only tangentially. For I was really writing about a guy named Radford, who wanted to build three wind farms; two in Powys, the other in Pembrokeshire.

One of his projects, Hendy, near Llandrindod, was turned down by a planning inspector, but that decision was surprisingly overturned by Lesley Griffiths, who was at the time Energy, Planning and Rural Affairs Secretary in Corruption Bay.

To do that was strange enough. But it stank even more when it became clear that Griffiths did it just in time for the developer to erect a single turbine (never connected to the grid), in order to meet the Ofgem payment deadline on January 31, 2019.

Those involved even seemed to know about Griffiths’ decision in advance, to the extent of jumping the gun.

Here’s a recent update on Hendy from the CPRW.

Why did Lesley Griffiths give permission for a wind farm that was never going to be built? The answer is a 10-letter word beginning with ‘c’.

As I say, the guy involved was Steven John Radford, of Hendy Wind Farm Ltd. But he was only fronting for a big company called U+I.

The reason Bute got a mention was, and here I quote from that November 2018 piece:

In September Radford branched out again with Bute Energy Ltd, joining six days after its two founding directors.

Those two directors were Millican and Steele, who we’ve already met. Radford may have been their introduction to Wales. (Bute Energy Ltd was re-named RSCO 3750 Ltd in March 2020.)

Or maybe the key lies with whoever introduced them to each other. So let’s fit a few things into that time-frame.

Radford was already planning wind farms, and lobbying for him was Invicta Public Affairs of Newcastle. Invicta’s representative in Wales since October 2016 had been Labour Spad Anna McMorrin, now MP for Cardiff North.

The Bute Boys linked up with Radford, and Taylor might have taken over McMorrin’s role providing a link between developers and Labour party. A different Scottish source told me last year that Taylor has now been replaced by Sophie Howe, the former Future Generations Commissioner.

Here’s a table I drew up of some essential facts, with links. You might find it useful.

Among those who get a mention in the table are the four below. Vaughan is a former Labour MEP, and Uden is the husband of Labour MS Jenny Rathbone. For some reason you won’t find the panel below on the Bute website any longer.

And even though McMorrin never seemed to work for Bute before becoming an MP in June 2017, she nevertheless declared £3,000 received from Bute earlier this year.

Throughout this story I’ve been struck by how often Newcastle crops up. It’s the city where Parabola began life. ‘Bute’ companies have used Newcastle addresses. And Invicta, the lobbyist we encountered with Anna McMorrin, is also based there.

And there are a number of Parabola outfits using a Newcastle address.

But Invicta also has an office in Edinburgh, the city where we usually find Millican Jr, Steele, and George.

Something else worth remembering is that Lesley Griffiths and David Taylor know each other. They’re from the same area, here’s a photo of Taylor canvassing for Griffiths. Both had been involved in the Carl Sargeant tragedy.

What we looked at earlier in Scotland seems to be repeated to some degree with what we’ve seen in Wales.

On the one hand, we saw Millican and his mates do a lucrative deal with the Scottish Government. Here, Bute Energy has been adopted by the so-called ‘Welsh Government’.

In Scotland, a local government pension fund stepped in to buy Titan Warehouse for perhaps double what it was worth. Here there’s been a big investment from the Wales Pension Partnership. With some councils unhappy with the decision.

Is this all coincidence?

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WHAT NEXT?

Something worth remembering about Bute is that for all the companies, and all the wind farm projects, Bute has never erected a single bloody turbine. Perhaps because those involved are property speculators.

Which is why some people – and I’ve been one of them – think that Bute is not here to actually build wind farms. Maybe they’re just here to get exclusivity agreements with landowners and planning permissions.

Then sell up, making massive profits, without having done much other than smooch Labour politicians and sponsor Cwmscwt Annual Ferret Show.

But because there are now so many wind farm projects planned in Wales it can only be a matter of time before we see developers fighting turf wars. Maybe it’s started.

Take the case of Foel Fach and Orddu, just north of Bala.

Foel Fach Wind Farm Ltd, the company, was set up May 31, 2022. Head honcho is David Charles Murray. Orddu is a Bute project, the company formed a year later.

Murray got a mention on this blog back in October 2020 in, ‘Poor Wales: magnet for property spivs, fraudsters, and enviroshysters‘. I mentioned him due to his connection with the project between Port Talbot and Maesteg known as Y Bryn.

But Murray has been involved with many wind farm projects, and his main vehicle seems to be Coriolis Energy Ltd. It has a very basic website, and here’s the Companies House filing. Coriolis Energy is owned by Coriolis Energy Developments LLP. But again, that’s David Charles Murray.

Y Bryn Wind Farm Ltd shares a Berkshire address with Coriolis.

When we look at who’s behind Foel Fach, we see again Coriolis Energy Developments LLP and David Charles Murray.

The map on the left shows the relative positions of the Foel Fach and Orddu summits. The map on the right gives the outline of the Foel Fach wind farm.

But this is where it gets a bit messy.

For a start, I can’t find a map for Orddu, so where will it end and Foel Fach begin? Are they contiguous? Do they overlap? Or are they two names for what will be one big site?

We’ve always been told there must be a ‘buffer zone’ between wind farms and National Parks. But Foel Fach runs right up to the Eryri boundary on the B4501. Who allowed this?

Incidentally, the ‘lake’ to the left on that map is the Tryweryn reservoir covering Capel Celyn. And Foel Fach wind farm will also overlook Frongoch, where Irish prisoners were interned after 1916.

And finally . . . I believe David Charles Murray of Coriolis is Scottish. Many of his other projects have been in Scotland. So are he and the Bute boys acquainted?

Wind farm developments in Wales are out of control, it’s a free-for-all. Planning permission guaranteed; no matter how ugly, inappropriate, or damaging the project. Wales already has too many wind farms (and too many pylons), we don’t need any more.

And because it appears we’re in this mess due to questionable links between wind farm developers and the Labour party, a thorough and impartial examination of such links is surely the best way to proceed.

Being the transparent and co-operative organisation it is, and with nothing to hide, I’m sure the Labour party will agree.

♦ end ♦

Bute Energy And Friends: Corrupting Wales

On 08/05/202405/06/2024 By JacIn Colonialism, Corruption, Environmentalism, Plaid Cymru, Welsh Government, Welsh Labour60 Comments

For a second week running, I’m focusing on Bute Energy. This time, looking at its links with the Labour party, and how, through that and by other means, Bute encourages corruption and spreads discord.

This will also serve to bring those who haven’t been following the Bute saga up to date.

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THE FLOODGATES OPEN!

I first became aware of Bute’s links to Labour when I was told that someone was visiting people close to a planned wind farm. This was (the now abandoned) Moelfre site inland of Colwyn Bay, a real outlier from Bute’s other projects.

This Bute representative was David James Taylor, Labour insider who’d been Spad to a number of high-profile figures; UK government minister Peter Hain and Wales first ministers Rhodri Morgan and Carwyn Jones.

In 2016 Taylor stood to become the North Wales Police and Crime Commissioner. After losing maybe he considered his career options. Or perhaps he was approached, for Labour was already helping wind farm developers.

We saw this when Anna McMorrin lobbied Powys councillors on behalf of Hendy wind farm in April 2017, just a month before she was elected Labour MP for Cardiff North.

Taylor formed three companies in October 2018: Moblake Wind Ventures Ltd (which became Moblake Ltd 11.11.2020); Moblake Energy Trading Ltd (folded 2020); and Moblake Associates Ltd (now being struck-off).

The timing is intriguing, because Taylor’s companies were formed a week before his friend and colleague, Lesley Griffiths, set the precedent of over-ruling a planning inspector to give Hendy windfarm planning consent. She did so using the relatively new Developments of National Significance (DNS) legislation.

DNS made it clear that Wales was free range for wind turbines; free of interference from locals, their council representatives, or even planning inspectors.

Taylor was rewarded by Bute with shares in Windward Enterprises Ltd (now Windward Energy Ltd), both in his own name and that of Moblake Associates Ltd. He was also a (non-designated) member of Grayling Capital LLP.

Money magically appeared in Moblake Ltd, which Taylor then paid to himself in ‘loans’ totalling over £600,000 that did not need to be repaid.

There was an attempt to liquidate this company a couple of years ago, but the liquidator was removed last August. Since when there’s been no further news.

Taylor was useful to Bute because of his closeness to Lesley Griffiths, and his insider knowledge of the Labour party machine.

Which is why it’s suggested that Taylor’s personal payment came in shares and other ways; and that most if not all of the £600,000+ was really a donation from Bute to the Labour party.

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‘YOU SAY VISTRA, AND I SAY, ER . . . VISTRA‘?

Someone has contacted me arguing there are two companies called Vistra, and in last week’s post I conflated them. One is a big Texas energy company, the other is a provider of secretarial services.

To explain . . .

Copenhagen Infrastructure Partners (CIP) is funding Bute through CI IV Dragon Lender Ltd, owned by CI IV Dragon Holdco Ltd. All holdco shares owned by Copenhagen Infrastructure V SCSp, which has its address at 16 Rue Eugene Ruppert, L2453, Luxembourg. At the same address is ‘Vistra’.

Now I took this to mean the Texas energy firm, but my contact insists it’s the other one. He’s probably right. But in my defence:

Vistra Company Secretaries Ltd of Bristol (which you’ll read about in a minute) was, until April 2019, Jordan Company Secretaries Ltd. The Vistra name was adopted because it was taken over and joined many companies under the Vistra banner.

Vistra is now owned by Sweden’s EQT, an equity outfit big in green energy.

So there are two Vistra companies. But with both involved in ‘renewable energy’ projects, often the same projects, confusion was almost inevitable.

Especially when we see BlackRock, State Street and Vanguard behind both.

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THE GANG OF FOUR

Soon after landing in Wales, and perhaps in an attempt to establish Welsh credentials, Bute set up a Welsh Advisory Board. You can see the members in the image below.

Left to right: Derek Vaughan, redundant MEP; Dr Debra Williams, businesswoman and academic; John ‘Cwmbetws’ Davies, man of many hats and big shot in the Royal Welsh Agricultural Society; John Uden, partner of Jenny Rathbone MS.

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THE NEATH PORT TALBOT-BRUSSELS-COPENHAGEN CONNECTION

Derek Vaughan was leader of Neath Port Talbot (NPT) council and would certainly know Stephen Kinnock, the Labour MP for Aberavon, the Port Talbot seat.

Vaughan was an MEP from 2009 to 2019, preceded by the late Glenys Kinnock. The wife of former Labour leader, Neil Kinnock, and mother to Stephen.

Stephen Kinnock MP is married to Helle Thorning-Schmidt, former Danish PM. She serves as a director of Danish wind turbine producer, Vestas, reputed to be the biggest in the world.

From Windpower Monthly of March 2024. Click to open enlarged in separate tab

In 2020 Vestas took a 25% stake in Copenhagen Infrastructure Partners. As you’ve just read, CIP is the conduit for funding the Bute projects.

Derek Vaughan’s political background and contacts explain him being chosen as the chairman of Bute’s Welsh Advisory Board. He was a ‘good fit’.

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THE ACADEMIC BUSINESSWOMAN

I can’t tell you much about Dr Debra Williams other than the fact that she was managing director of Confused.com. Now she’s taken a gig at Lampeter, which some might view as a step backwards.

I suppose ‘Top things to do in Lampeter’ is part of the Creative Writing course. Click to open enlarged in separate tab

That said, since Jane Davidson landed there after ‘leaving’ Corruption Bay, Lampeter has tried to re-invent itself as a centre for alternative living. And why not, there are enough ‘alternatives’ in the shacks, tepees, and OPDs thereabouts.

Even so, I keep thinking there’s something I’m missing about Dr Williams, unless she was viewed by Bute as their entry to what passes for the Welsh business community.

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GALILEO AND THE FAVOURED SON

A number of sources have told me that Bute has assiduously courted the Royal Welsh Agricultural Society (RWAS). Which makes sense, for the RWAS gives access to many of the landowners on whose property Bute would like to erect turbines and pylons.

And this explains Bute’s recruitment of John Davies, who from 2012 was RWAS chairman. As I read through his other appointments I recalled Harri Webb’s reference to, “the public men on the boards and panels“.

Put it all together and it made him very attractive to Bute.

I have been told that John Davies was instrumental in seeing Aled Rhys Jones appointed CEO of the RWAS. Nothing wrong, I suppose, with a man of John Davies’s standing promoting a protégé. But there may be more to it.

As you might have read in the link, Aled comes from, “the family’s hill farm near Cwrt-y-Cadno in North Carmarthenshire“. To be exact, Tyllwyd, which I’m told the family still owns, but rents out.

The thing about this area is that it’s being targeted by other wind farm companies in addition to Bute. As I wrote last November, in ‘A Change Of Tack?‘

One of those companies is Galileo Green Energy UK, eyeing a site at Bryn Cadwgan. With another Welsh site planned for Mynydd Ty-talwyn.

The parent company, Galileo Green Energy, is headquartered in Zurich.

Curiously, when based in Bristol – at the Vistra address – Galileo was known as GGE Machynlleth Ltd. Now it’s using a Cardiff office and the name has changed to Galileo Empower Wales Ltd.

From what is now Galileo Empower Wales Ltd documents filed with Companies House when it was knowns as GCE Machynlleth Ltd.. Click to open enlarged in separate tab

A quick shufty at the directors will tell you how Welsh it really is.

Anyway, I hear that Aled Rhys Jones, CEO of the RWAS, stands to gain financially from the Bryn Cadwgan wind farm. A map I’ve been sent shows the outline of the wind farm in red, with the Tyllwyd land edged in green.

You’ll see four turbines planned on Tyllwyd land. With access to the others perhaps over Tyllwyd land. All perfectly legal, but it don’t look good.

The forested land is owned by Natural Resources Wales, which will mean mature trees felled to accommodate wind turbines, access roads, cable trenches, etc.

That’s protecting the environment, that is.

Correction: Just received some clarification: ‘I am informed: There are two machines on Tilhill managed land, but nearly all the others are on ——— — ——– (Ilchester Estate) plantation, with a few on Tyllwyd and other individual land owners.’

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THE MAN FROM GOD KNOWS WHERE

The fourth member of the quartet is John Uden, whose only qualification is being the partner of Senedd Member, Jenny Rathbone, who sits on the Senedd’s Climate Change, Environment and Rural Affairs Committee.

And so to understand why Bute recruited Uden we need to focus on Rathbone.

Rathbone was born in Liverpool and is a member of the Rathbone dynasty, once very influential in that city. The influence continues through Rathbones Wealth & Investment Management.

Jenny Rathbone and other family members are looked after from the investments made. This presumably accounts for the shares in her Register of interest.

An earlier declaration of Rathbone’s says that Uden was getting payment from Bute, but that’s absent from the latest Register. So is he working for free, or is payment being made in some other way?

Interestingly, he set up John Uden Consulting Ltd in March 2020. A company that (apparently) has never turned a penny. Was he planning to go down the same route as Taylor, but backed off after I first mentioned Taylor and Moblake (August 2020) in Corruption in the wind 2, Labour snouts in the trough?

I shall conclude this section by dazzling you with yet another example of propinquity.

A fascinating connection revealed itself shortly after I put out the previous piece. Copenhagen Offshore Partners A/S has an office at 10 George Street, Edinburgh. In the same building we find Rathbone Investment Management (£60bn assets).

It’s probably just another of the coincidences that plague the Bute saga.

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SLICING THE PENSION POT TURKEY

As an example of how Wales is ripped off by the pushers and pimps of the ‘renewable energy’ industry, the Wales Pension Partnership investment takes some beating.

The Welsh local government pension pot (WPP) is investing at least £68m in Bute Energy. Reading the article on the WPP website you might think this money is going directly from the pension fund to Bute. For no intermediaries are mentioned.

Yet the WPP was ‘advised’ by law firm Burges Salmon of Bristol. Then this article in renews.biz gives more names: ‘WPP has been advised by independent clean energy asset manager Capital Dynamics and by the law firms TLT and Burges Salmon’.

That is, Capital Dynamics of London, Birmingham and various cities around the world. Top man is Thomas Kubr, who can be found at the Zug office, south of Zurich.

The registration with Companies House tells that Capital Dynamics has 49 outstanding charges, and is heavily indebted to if not controlled by State Street.

TLT is another Bristol law firm. (It’s s shame we don’t have lawyers in Wales.)

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QUI BONO?

After all is said and done, do we really know who owns the wind farms in Wales? For as I suggested in last week’s piece, Bute Energy, run by Oliver James Millican, is an offshoot of the property and investment company Parabola, run by his father, Peter John Millican.

Also, in last week’s piece (and elsewhere in recent years) I mentioned Njord Energy Ltd and Steven John Radford, the man behind Hendy wind farm, where we earlier met lobbyist – now Labour MP – Anna McMorrin.

Another of Radford’s projects, not far away, was Bryn Blaen. The ownership history is instructive. It starts with Radford leaving Bryn Blaen Wind Farm Ltd in February 2020.

Bryn Blaen is now said to be owned by Elm Wind Holdings Ltd. Which leads back to Elm Trading Ltd, where the latest accounts say:

Click to open enlarged in separate tab

But does this apparently leaderless outfit have any connection with a foreign entity of the same name registered on the Isle of Man?

Or is this just another coincidence?

If so, then maybe we should focus on the labyrinth of companies linked with Elm Trading at the London address. Companies like Time Nominees Ltd, which holds all the Elm Trading shares and is controlled by Alpha Real Property Investment Advisers LLP. Which is owned by Philip Sidney Gower of Guernsey.

Who’s Gower? Well, he’s described here as a ‘serial entrepreneur’.

The point I’m making is that when it comes time to dismantle, recycle, or bury, the clapped-out wind turbines on Bryn Siencyn, and restore the site to its earlier condition, the ‘Welsh Government’, the local council, and Natural Resources Wales, will be met with, ‘Nothing to do with us, squire, we sold it to a company on an island somewhere‘.

And we’ll have to pay for dozens of Bryn Siencyns.

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CONCLUSION

But the immediate danger remains the corruption engendered by wind farm ‘developers’.

Through the influence they wield inside ‘Welsh’ Labour, where corruption is endemic. As we’ve been so recently reminded by the new first minister. Now the poison has spread to Plaid Cymru, exposed to the world when Carmen Smith, Bute lobbyist, was made a peer.

Beyond politics these ‘developers’ cause resentment within the farming industry by making some farmers offers they can’t refuse – a position into which many have been manoeuvred by the ‘Welsh Government’s war on livestock farming.

And finally, there’s worry and division inflicted upon communities across Wales.

∼

It really pisses me off to see the country I love reduced to third world level; where a few chiefs can be bribed so the rest of us can be exploited, our country wrecked.

We’re in this mess because leftists believe they’re fighting the evils of capitalism by buying into the climate scam dreamed up to further the ambitions of the wealthiest individuals and the biggest corporations on Earth.

♦ end ♦

Bute Energy: Who’s Really Behind It?

On 29/04/202407/05/2024 By JacIn Colonialism, Colonisation of Wales, Corruption, Environmentalism, Planning Inspectorate, Wind Turbines54 Comments

I’m returning to the ‘Bute’ stable of companies, a subject I’ve ignored for a while. More especially, some aspects of Bute’s operations that may have been overlooked.

1/ How did investment company and property developers the Parabola group, from which Bute emerged, learn about the opportunities offered by wind turbines in Wales?

2/ We’ve been told the funding for Bute’s projects will come from Copenhagen Infrastructure Partners and the Wales Pension Partnership. But is that true?

I’m starting with some background, which I think sets the scene. So please indulge me there before we move on later to the ‘meat’ of the piece.

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THE TRAILBLAZER GETTING A LITTLE HELP FROM THE COMRADES

Before the boys from Parabola ever heard of Nant Mithil, Waun Hesgog, or Blaencothi, other nobly-intentioned businessmen, alarmed by the impending climate crisis, were trying their damnedest to cover central Wales in wind turbines.

I’m going to focus on one of those wind farms; Hendy, to the east of Llandrindod.

Planning permission was refused by Powys County Council in April 2017, and that decision was upheld by a planning inspector a year later. But then, Lesley Griffiths, Energy, Planning and Rural Affairs Secretary for the self-styled ‘Welsh Government’ intervened, to ignore the inspector’s decision and give Hendy the green light.

Prior to this, an inspector’s decision was almost the final word. But now it was being over-ridden using the legislation that gave us Developments of National Significance.

From now on ‘Welsh Ministers’ had authority to rule on electricity generation projects with a maximum installed capacity of 10MW to 50MW. Below that, responsibility lies with local authorities; and above, it’s the UK government.

Which means that developers pitch their projects in the 10 – 50MW ‘sweet spot’.

The main director of Hendy Wind Farm Ltd was Stephen John Radford. He had other wind companies including, in Wales, Rhoscrowther Wind Farm Ltd, on the Haven, and Bryn Blaen Wind Farm Ltd, near Llangurig.

Radford was very close to, if not fronting for, the U+I group. Though it seemed he also had his own piggy-bank in Njord Energy Ltd.

Lobbying Powys councillors on behalf of the Hendy wind farm was Anna McMorrin. She was seen at a meeting on 27 April 2017, desperately trying to hand a note to councillors considering the project.

She was working for Invicta Public Affairs, which has its headquarters in Newcastle, but also a presence in Edinburgh, and Glasgow.

She had been working as a Spad in Corruption Bay, for which she was rewarded by being selected as the Labour candidate for Cardiff North. In June 2017 she became the MP.

Maybe this is the first instance of someone working simultaneously for the Labour party and wind energy developers. There have been many more since Anna McMorrin.

Once they got to know each other, I’m sure Radford made the boys from Parabola understand that to get anything done in Wales you must have people working for you inside the Labour party.

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THEY MEET, AND THE BOYS FROM PARABOLA BECOME BUTE

In September 2018 Windward Generation Ltd was launched; the name changed to Bute Energy the following month, and finally became RSCO 3750 Ltd in March 2020.

The founding directors were Oliver James Millican and Lawson Douglas Steele, who were joined a week later by Radford. The man from Hendy left in December 2019 and was replaced by Stuart Allan George, who’d left Parabola with Millican and Steele.

But I want to go back a little further, and consider the ‘Windward’ name.

Just before Christmas 2014 Windward Enterprises Ltd was launched. This company’s stated business was ‘Financial management’. The sole director was Oliver James Millican, using secretarial services in Edinburgh, but a Newcastle office address for himself. (Newcastle being where Parabola started out.)

This was a long time before any interest was expressed in wind turbines.

In November 2016 the address switched to Broadgate Tower in London, where we now find Parabola; and the company name changed in August 2018 to WELN1 Ltd.

We encounter the ‘Windward’ name a number of times early on in this saga, but what if it has nothing to do with wind power, and instead refers to the Windward Islands in the Caribbean?

I’m thinking now of tax havens. Just a thought.

If you study the timeline of company formations, you’ll see that the first ‘Bute’ company, Windward Global Ltd, wasn’t formed until May 2017. This is now the holding company for the Bute empire, controlled by Oliver James Millican.

Millican’s father, Peter John Millican, runs the Parabola property empire, with more companies under the umbrella than I was able to count. As we’ve seen, son Oliver ceased being a director at Parabola late in 2017.

Steele was employed as Investment Director at Parabola. He left in October 2017.

Stuart George was also a Parabola employee.

And there seems to have been a fourth departure. For on 31 May 2018, in addition to Windward LS Ltd (Lawson Steele), and Windward SG Ltd (Stuart George), a company called Windward BW Ltd was launched.

The ‘BW’ is Barry Woods. I can’t tell you much about him, except that he’s Irish, and he’d also worked for Parabola. In fact, he was a designated partner, along with Parabola Real Estate Investment Management LLP, in Parabola Partners LLP.

Just like Millican, Steele and George, Woods quit Parabola in November 2017.

He then seems to have parted company with the other three on 24 September 2019. The last trace of Woods sees him running Woods Investment Management Ltd in Edinburgh, which folded after a couple of years, in March 2021.

So we have four men, all in their thirties, and all working for a major property and investment group (one of them the boss’s son); but late in 2017 they apparently hear the planet calling, sever their ties with Parabola, and go off to erect wind turbines in Wales.

Do you buy that?

Something else that gives off a bit of a whiff is that if the four of them had started up on their own, I would have expected to see them as partners. But Millican Junior in control suggests a continuing link with his father’s business empire.

Using the Parabola address at the Broadgate Tower, 20 Primrose Street, London EC2A 2EW is also a bit iffy.

It’s far more likely that, in 2017, the four turbineers started setting up companies in Wales, ultimately owned and controlled by Parabola, to capitalise on the ‘How many turbines would you like, duckie?’ DNS system.

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MONEY, MONEY, MONEY

Funding is a vital consideration because more than 20 wind farms, an unknown number of solar arrays, at least 6 Battery Energy Storage System (BESS), and mile after mile of pylons, requiring connectors and other whatsits, do not come cheap.

Admittedly, nothing has yet been built, but even so, Bute employs dozens of people, rents or leases office space, and promotes itself relentlessly by sponsoring everything from the Ystradgynlais Wet T-shirt Olympics to the Llanfair Caereinion Refuge for Distressed Ferrets.

So where’s the money coming from to fund this unrivalled extravaganza of bird dicing?

We can (perhaps surprisingly) rule out the Development Bank of Wales, a soft touch that throws moolah at magic bean salesmen and landfill-owning friends of politicians.

Instead, our attention must turn to the two stated funding sources: Copenhagen Infrastructure Partners (CIP), and the local councils’ Wales Pension Partnership (WPP).

The WPP involvement is a bit of nonsense that it’s hoped will give the impression Wales is benefitting from wind power. Though on a more practical and political level I suppose it gives Bute even more leverage in Corruption Bay.

I’m going to focus on Copenhagen Infrastructure Partners and see where that takes us.

Now the first thing to make clear is that CIP is not a bank, it does not provide funding. The clue appears to be in ‘Partners’, for it seems investors looking for green projects go to CIP, which then finds them the right fit.

Or it could be t’other way around. Either way, we can be sure CIP takes its cut.

The funding from CIP for Bute is channelled through CI IV Dragon Lender Ltd. This is owned by CI IV Dragon Holdco Ltd. Both companies are based in Rotherham, South Yorkshire.

The latest accounts for CI IV Dragon Holdco (y/e 31.12.2022) give a list of ‘Subsidiary undertakings’ (page 20) in which the company holds a ‘golden share’. These are Bute companies, including Green Generation Energy Networks Cymru Ltd, which wants to build a network of pylons.

And as you can see below, since October last year all 79,000,000 shares in the holding company are in the possession of Copenhagen Infrastructure V SCSp.

Which can be found at 16 Rue Eugene Ruppert, L2453, Luxembourg, the EU’s internal tax haven.

And at that address we find an outfit called Vistra. So who are they? It turns out they’re a Fortune 500 company from the Lone Star State. Well, Ye haw!

Vistra is big itself in electricity production and supply, but it also ‘partners with suppliers’, which would presumably include Bute.

But why is Bute dealing with Copenhagen Investment Partners which is dealing with a US company working out of an office in Luxembourg? Especially when Vistra has offices in the UK.

Among them, a very familiar address in Edinburgh. In fact, if you close in on this Google maps capture you’ll see the Vistra plate, top right.

The name Vistra was vaguely familiar, but not in connection with Bute. It was linked more with the Bristol address you see above, and Galileo, which wants a wind farm at Bryn Cadwgan, to the east of Lampeter.

All explained in this piece from last November, A Change Of Tack?

Galileo is based in Zurich, Switzerland. It began life locally at Vistra’s Bristol office before moving to Edinburgh. But there’s also Galileo Empower Wales Ltd which has a presence on Cathedral Road in Cardiff.

Its directors are Italian, German, Scottish and Irish. A typical ‘Welsh’ company.

The Bute companies are fronting for Vistra of Texas through Copenhagen Infrastructure Partners. The ‘golden share’ in so many Bute companies means that those projects are effectively owned by Vistra.

With an obvious connection via Oliver Millican to his father’s Parabola group. Which we must assume is also getting a cut.

The sequence would appear to be: Parabola spawns Bute, Bute goes to CIP, CIP finds Vistra, and Vistra either puts in its own money, or it finds funding from . . .

UPDATE 30.04.2024: A reliable source draws my attention to another link between Copenhagen and Vistra. There are many more.

UPDATE 2: 30.04.2024: Another source reminded me there are many Njord companies. Often linked to CIP. A little digging brought up yet another, and an intriguing connection.

Copenhagen Offshore Partners A/S has an office at 10 George Street, Edinburgh. At the same address we find Rathbone Investment Management (£60bn assets). A member of the Rathbone family is Jenny Rathbone MS, who sits on the Climate Change Committee.

Her Partner, John Uden, was recruited (for no obvious reason) to sit on Bute’s Welsh Advisory Board.

I think we’re at the stage now where so many Labour people (some I’ve never mentioned) are benefitting financially from Bute / CIP that an independent inquiry is needed.

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CONCLUSION

The situation is that through Developments of National Significance, and now the Infrastructure Bill, Wales is being desecrated and exploited by foreign corporations.

The ferrets of Llanfair Caereinion notwithstanding, there are no real benefits for us; nothing in terms of jobs, or anything else.

The real beneficiary is England, where communities can and do object to wind farms. Which is why, as reliable sources of electricity generation are phased out on the orders of Globalist ‘environmentalists’, electricity generated in Wales must go to England, and this explains the need for so many pylons.

The wind farms, solar arrays and pylons in Wales (and Scotland), are also needed to help the UK / England meet its Net Zero commitments. Which I suppose raises the possibility of political pressure being applied from London.

What’s happening is so obvious that I even find myself in agreement with the leftist(s) who wrote, ‘Neoliberalism Has Quietly Flourished Under Welsh Labour – It’s Time To Break The Silence‘. (The comrades love slick and catchy titles!)

Joking aside, and looming over all other considerations, my biggest worry is that even though we can now identify Bute, and Parabola, and CIP, and Vistra, we still can’t be sure where the money for these projects begins its journey.

Which provides two major headaches.

If the Bute funding needs to be ‘filtered’ so many times (with everybody taking a slice) then it raises suspicions that the original funder may not be entirely acceptable.

And if we don’t know who ultimately owns the installations, then how do we get these sites restored when they come to the end of their working lives?

Instead of being suckered by those fronting these projects those pretending to run this country need to establish who is ultimately funding each and every project operating in Wales or proposed for Wales.

We also need to look into the relationship between Bute Energy / Parabola / CIP / Vistra and the ‘Welsh Government’. In particular, how it’s grown to the point where Bute has a position close to being a state-sponsored monopoly.

♦ end ♦

Jac o' the North

Tag: Parabola

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