Bute Energy Selling Wales For Danegeld?

Yeah, yeah, retirement. If only!

THE STORY SO FAR . . .

I’m returning to a subject I’ve tackled before because there have been developments. But before the update we’ll do a quick recap.

Bute Energy Ltd, operating through a host of other new companies, hopes to build some 20 wind farms (at the last count) across Wales. Bute Energy is based in London. (With an Edinburgh pied-à-terre.)

This company is owned by Windward Enterprises Ltd, which was formed 31.05.2018. With Windward Enterprises owned by Windward Global Ltd, which was given life in May 2017 under a different name and perhaps for a different purpose.

Windward Global is controlled by Oliver James Millican who, when accompanied by Stuart Allan George and Lawson Douglas Steele, are the only directors found for most, if not all, the yearlings in the Bute stable.

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The reason for the Bute boys choosing Wales is partly that England is reluctant to take onshore wind turbines, and partly that the soi-disant ‘Welsh Government’ has worked itself into a frenzy of planet-saving self-righteousness. To the point where it cannot be long before sackcloth and ashes become de rigeur among the worshippers of Deryn.

Which some of you might view as noble and altruistic.

Less commendable – but truer to type – is Labour Party insiders being given sinecures. Explained here in Corruption Is Such An Ugly Word . . . But I Can’t Think Of Anything Else To Call It!

Don’t that title just trip off the tongue!

Having alluded to a multiplicity of companies involved in the Bute wind farm offensive I’d better give you a link to the updated list of those entities.

DEVELOPMENTS

The working assumption was that a new company called Bute, presumably representing City investors, had come to an arrangement with the ‘Welsh Government’.

The deal being the one I just outlined: that in return for keeping Drakeford and his gang in Greta’s good books, and for taking on a few Labour lags, Bute would be allowed to build wind farms just about anywhere they wanted – planning permission guaranteed from Lesley Griffiths MS (and Gary).

Lesley Griffiths (and Gary) with Plaid Cymru MS Elin Jones. Click to open enlarged in separate tab

I recently learnt of a couple of new stars in the Bute constellation.

The first is Grayling Capital Operations Ltd, formed 02.11.2021. This is controlled by Grayling Capital Holdings Ltd. Which is in turn owned by Windward Global Ltd, which we looked at just now.

The other new arrival is Grayling Capital Investments Ltd. This is also controlled by Grayling Capital Holdings Ltd and then, by extension, Windward Global Ltd.

Other news from last week was that Windward Cambria Ltd, formed 08.10.2021, had changed its name to Bute Energy Development Holdings Ltd. This company is controlled by Windward Enterprises Ltd. Which is in turn – and again! – owned by Windward Global Ltd.

Complicated, innit?

Then, in updates received from Companies House last week, I learnt that Bute Energy Ltd and Bute Energy Development Holdings Ltd had taken out loans, or found investors.

Bute Energy owns Bute Energy (Cambria) Ltd, the first link in the chain of ownership for the 20 wind farms on the list I linked to earlier. (Here it is again.) Which means that all the Bute wind farms in Wales are covered by the loan to Bute Energy.

The locations of the Bute Energy wind farms. Click to open enlarged in separate tab

As for the loan to Bute Energy Development Holdings Ltd, seeing as it’s a relatively new company – just over 4 months old – I’m sure we’ll learn more in the near future.

The name that came with the loans is, ‘CI IV Dragon Lender Ltd’.

I’d like to tell you that this is a new Welsh financial institution created with the backing of a pro-business administration in Corruption Bay.

I’d like to, but I don’t do fairy tales.

Explaining who we’re dealing with here is quite complicated, so please bear with me. The company number given on the debenture documents is 13816597, and this is indeed the number for CI IV Dragon Lender Ltd.

Set up as recently as 23 December last year this company, with an address in Rotherham, South Yorkshire, is owned by CI IV Dragon Holdco Ltd, which shares the Rotherham address, and was formed on the same day.

Fancy that!

It’s reasonable to assume that ‘Dragon’ is a reference to Wales, and the 20 wind farms Bute has planned for our country.

The single share issued by Dragon Holdco is held by CI IV Transfer Coöperateif  UA, of Utrecht in the Netherlands.

There are a number of other CI IV companies registered with Companies House. None of which go back further than March, 2020. Many link with Scottish projects, and use as their address, 115 George Street, Edinburgh.

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Some of you may remember George Street from earlier postings. It’s the New Town office of the Edinburgh Solicitors Property Centre (ESPC), used by Millican and his mates.

So who or what is ‘CI IV’? The answer is that it stands for Copenhagen Investments 4. The answer was found through this Linkedin page.

It’s an investment fund and part of the Copenhagen Infrastructure Service Co. Here’s the link to the website for Copenhagen Infrastructure Partners. This outfit will invest your money in wind energy and similar projects.

As we read under the ‘News’ tab, ‘CIP is the world’s largest dedicated fund manager within greenfield renewable energy investments’.

Here’s the page for CI IV. The map obviously hasn’t caught up with latest developments in Wales. Which may be understandable, given that Companies House wasn’t notified of the deals until last Thursday. (Though I’m sure negotiations between Bute and CIP had been going on for some time.)

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A search for ‘Bute’ on the CIP website turned up nothing, but I did find another reference to Wales. For this page tells us, ‘Copenhagen Infrastructure 1 has invested GBP ~155m of equity for a 49% stake in Falck Renewables S.p.A.’s (Falck) operational onshore wind portfolio in Scotland and Wales.’

In this portfolio we find Cefn Croes wind farm in Ceredigion.

This buy-in was financed by PensionDanmark. Which means that a wind farm in Ceredigion is now jointly owned by a Danish pension fund and an Italian company.

With all involved expecting to make a pile of money. Well, everybody except the locals; who’ll end up with crumbs, from their own table.

And perhaps flooding.

The only question remaining, for me is this: Was Bute Energy acting all along as a stalking-horse for others, or did Bute get its foot in the door and then look around for the investment needed to realise its ambitions?

Did the ‘Welsh Government’ care either way?

UPDATE: I found this from December ’21. Lee Waters MS, Deputy Minister for Climate Change, worries about German pension funds profiting from offshore wind farms. Waters’ gang in Corruption Bay has no control over offshore wind farms.

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Is he also concerned about onshore wind farms – for which his ‘Welsh Government’ will have to give planning permission – benefitting Danish pension funds?

One to watch?

THOUGHTS

When the ‘Welsh Government’ decided that our homeland was to become an al fresco power station those mighty intellects were confronted with three options as to how they might go about achieving that objective.

They could have . . .

  • Invested in Welsh companies to build the turbines, and other Welsh companies to generate electricity. Thereby creating thousands of jobs and enriching the country.
  • Followed their socialist instincts and had our wind farms run by a body owning them for the nation; or else local groups could have owned individual wind farms. (As appears to be happening in Scotland.)
  • Acted like a pimp and invited violators and exploiters to do what they wished with Mam Cymru.

As we know, to our cost, the ‘Welsh Government’ chose the third of those options. All the while trying to justify the betrayal by whimpering about a ‘climate emergency’.

Which goes some way to explaining why these latest developments involve companies and investment fund managers from Denmark, a country not much bigger than Wales, and with none of our natural resources.

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I have no doubt that Denmark is one of the countries the ‘progressive’ consensus in Corruption Bay looks up to, and wants Wales to copy. A kind-of socialist country with a high standard of living, first-class infrastructure, and health and social services that most countries can only dream of.

But how do the denizens of the Bay think these goodies are paid for? Do they believe that Denmark gets a block grant every year, perhaps from Berlin, or maybe Brussels?

The truth is that the Danes have their little piece of heaven thanks to a healthy economy of their own. Due to the likes of the Maersk Group (value, 2018: $28.1bn), the Carlsberg Group ($19.3bn), and Danske Bank (£16.6bn, 5m+ retail customers).

Apropos this article, another reason the luvvies of the Bay look towards Denmark is because the Danes are soooo committed to renewable energy.

Let’s compare the Danish approach to renewables with that of our esteemed tribunes.

The Danes design turbines, and build them at home and abroad. Either way, the money ends up back in the land of the Little Mermaid. Big in this field is Vestas Wind Systems (value, 2018: $17.9bn). And as we’ve seen in this article, there are also the Danish investment funds.

So, one way or another, Denmark gets 100% of the economic benefit from wind turbines erected in and off Denmark, and a healthy slice of the moolah for turbines erected elsewhere. Especially in ‘welcoming’ countries like Wales.

Wales sees only ‘community funds’. The modern equivalent of beads and blankets.

This kind of relationship used to be called colonialism. The sort of thing socialists and ‘progressives’ railed against. Presumably, the ‘Welsh Government’ now believes that such exploitation is OK if it can be greenwashed.

However we look at, ‘renewable energy’ has been one of the biggest rip-offs in Welsh history. Anyone who thinks this exploitation is acceptable because we’re ‘saving the planet’ is either a fool or a liar.

Bute Energy, in various manifestations, with addresses in London and Edinburgh has, for a minimal outlay, landed itself at least 20 wind farms in Wales that it can now exploit with foreign investment, or sell off entirely for a vast profit.

Wales will see none of that money, no jobs, and no other benefits . . . unless of course you’re well connected with the ‘Welsh’ Labour Party.

AND FINALLY . . .

I don’t for one second blame Danish companies for making money; for providing jobs and creating wealth for Denmark and the Danish people. Nor do I attach any blame to Danish politicians for encouraging this entrepreneurialism.

That is what they are supposed to do.

The blame for the growing inequalities between two small European countries, and the growing exploitation of one by the other, rests entirely on the shoulders of those posturing clowns in Cardiff.

They who have failed us, the Welsh people, time after time.

Let’s emulate Denmark by all means. And Ireland, which wants to erect – in Wales, of course! – the UK’s tallest wind turbines.

But let’s remember there can be no substantive improvement until we sever the English connection. Another slavering simian we need to get off our back is a socialism that prioritises gestures and identity politics over the material well-being of our people.

♦ end ♦

© Royston Jones 2022


Corruption in the wind 2, Labour snouts in the trough

PLEASE APPRECIATE THAT I GET SENT MORE INFORMATION AND LEADS THAN I CAN USE. I TRY TO RESPOND TO EVERYONE WHO CONTACTS ME BUT I CANNOT POSSIBLY USE EVERY BIT OF INFORMATION I’M SENT. DIOLCH YN FAWR

In November 2018 I published Corruption in the Wind? I suggest you read it to get the background to what’s written here. You might notice that for this report I’ve dropped the question mark used in the original piece.

BRIEF BACKGROUND

That earlier piece (plus updates) was about Hendy wind farm south of the hamlet of Llandegley, which is a few miles east of Llandrindod, and just off the A44.

The planning application was rejected by the council in May 2017. There was an appeal by the developers, and the council’s decision was upheld by a Planning Inspector in May 2018.

That seemed to be the end of the matter.

But, then, in October 2018, Lesley Griffiths, the ‘Welsh Government’s Minister for Environment, Energy and Rural Affairs, suddenly and unexpectedly overturned that decision.

This led to developers cutting all sorts of corners in their rush to get one turbine erected before the end of January 2019, in order to beat OFGEM’s accreditation deadline for onshore wind subsidy hand-outs.

THE STORY SO FAR . . .

As Julie Andrews trilled in The Sound of Music – a movie I manage to avoid every Christmas! – “Let’s start at the very beginning”.

The planning application for Hendy wind farm was received by Powys County Council in July 2014. From Hendy Wind Farm Ltd through agent Cunnane Town Planning of Manchester. Among the directors of Hendy Wind Farm we find Steven John Radford.

To guarantee himself another slice of the Hendy pie Radford had set up two weeks earlier Njord Energy Ltd, with his wife as the other director. They describe themselves as ‘environmental consultants’.

Here’s the plan that accompanied the planning application. The A44, heading roughly north west to Crossgates, forms the eastern boundary.

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In the early days of this project we were also looking at the involvement of U + I Group PLC, which seemed to be the controlling force behind everything.

As I wrote in ‘Corruption in the wind?’ “A curious beast, U and I. It was known as Development Securities plc until 5 November 2015. And on the very same day a previous incarnation of the U + I Group Ltd changed its name to Development Securities Ltd.”

Development Securities (No 71) Ltd was the original name of Hendy Wind Farm Ltd until April 2012; so you have to wonder what it had been doing in the 27 months between the name change and submitting the planning application.

In fact, companies changing or exchanging names is quite common among those we’re dealing with. Why do they do it? Well, your guess is as good as mine. Though confusing the curious must be one possibility.

Here’s a table I’ve put together in which I try to show, in chronological order, when various individuals and companies became involved. You will probably find it easier to use the pdf version with the company names serving as hyperlinks.

My attempt to set out the companies and the individuals involved with the Hendy wind farm. Click to enlarge

In addition to the web of interlinked companies I mention here, also involved are companies under the Parabola banner, also based at 20 Primrose Street, London. But there are so many others . . . It really is a maze.

Those I mentioned in the original piece seem to have been joined recently by a new set of players. As if one team has been responsible for getting planning permission and now, that achieved, another team will take over.

That is certainly what is suggested on page 6 of the Annual Report for the U + I Group. Where we see that Hendy Wind Farm is lined up for sale. You’ll also see Rhoscrowther wind farm mentioned. Which is strange.

Originally there were three wind farms planned by U + I, each with its own company. (All covered in ‘Corruption in the wind?’) Bryn Blaen, near Llangurig, went ahead relatively straightforwardly, and has now been sold. Hendy you’re reading about here, and then there was Rhoscrowther.

Rhoscrowther wind farm was planned for the Milford Haven Waterway. The county council vetoed it, a planning inspector agreed, ‘Welsh Government’ accepted that decision, and it even went as far as a High Court hearing when the investors wouldn’t accept those decisions.

My understanding is that the Rhoscrowther project is dead. So why does it appear as an ongoing project in U + I’s annual report? Which appears to suggest that the application will be submitted again. But why expect a different outcome? Do those involved know something we don’t?

Image: U + I Group PLC. Click to enlarge

Quite obviously, U + I cannot maximise its profit from Hendy until the sale is completed, and for that to happen there are still a couple of hurdles to overcome. With niceties to be observed.

A recent letter from Steven Radford to the County Council asks for some irksome conditions to be lifted. Specifically, Condition 38 of the planning permission, which relates to bats and birds. The council of course agreed, with worrying alacrity.

A remarkable document this. Tantamount to a wind farm developer admitting that wind turbines kill birds and bats, something that’s usually denied.

ENTER ANEURIN GLYNDŴR, IN MOOD POSITIF

For those of you for whom Aneurin Glyndŵr means nothing, let me explain . . .

Back in the early part of 2009 a bright lad in the Labour Party launched a website attacking his party’s political opponents. The site’s name cleverly linking the names of Labour icon Aneurin Bevan and national hero Owain Glyndŵr. As background music it even employed Tom Jones’s Delilah.

How we laughed!

But it all came unstuck and caused the bruvvers considerable embarrassment. First Minister Rhodri Morgan was particularly irked because Plaid Cymru leader Ieuan Wyn Jones had been portrayed as a clown. In normal circumstances this wouldn’t have mattered, but Labour was in coalition with Plaid Cymru at the time.

The website itself has long disappeared into the ether, but this old blog will give you a flavour. Though the Aneurin Glyndŵr Twitter account lives on. As does another account using the name that seems to have no connection with Wales.

Now the bright young thing behind Aneurin Glyndŵr was David James Taylor. He’d first came to public attention in 2004 with another website, this one attacking Labour rebel Clare Short. Remember her?

In the first article I linked to you’ll see mention of Peter Hain and Alun Davies. Taylor had worked as an advisor to Hain when that Son of Africa was Secretary of State for Wales. While I’m not aware of any connection between Davies and Taylor, Anna McMorrin, Davies’s partner, had been a lobbyist working for those behind Hendy and other wind farms.

She’s mentioned in my spreadsheet thingy in April 2017.

In 2016 Taylor stood for the post of North Wales Police and Crime Commissioner, losing out in the second round to the Plaid Cymru candidate Arfon Jones. These PCC elections were held at the same time as the elections for the Welsh Assembly and here’s a picture of Taylor out canvassing for . . . well, bless me! – he’s canvassing for Lesley Griffiths, who shocked us all by giving Hendy Wind Farm Ltd planning permission in October 2018.

From the 2016 Assembly election campaign. Click to enlarge

So maybe it’s no surprise to learn that Taylor now has his snout in the wind farm trough. Where he acts as path-smoother for developers.

Those involved in the campaign to protect this beautiful area tell me that Taylor is now handling ‘community liaison’ for the developers . . . but there’s little or no liaising. Yet somehow reports are still submitted!

Taylor is also said to be busy trying to revive the Rhoscrowther project. Who would he need to influence to achieve that?

Whatever he’s doing, the network of interlinked and shape-shifting companies he’s involved with seem to value his contribution enough to have let him join the gang at Grayling Capital LLP.

Taylor has also been slipped a few shares at Windward Enterprises Ltd, some in his own name and some in the name of his company, Moblake Associates Ltd.

I’m sure his new friends have high hopes for David James Taylor, because they plan more wind farms and other developments in Wales.

Another Labour insider now involved is Daran Hill of lobbyists Positif.

This company is acting on behalf of Grayling Capital – where David Taylor is a (non-designated) member – and Bute Energy Ltd, a company set up earlier this year and owned by Windward Enterprises Ltd, the company in which Taylor has shares.

To give you a flavour of the interconnectedness I’ve referred to, Windward Enterprises is owned by Windward Global Ltd, and all shares in Windward Global are held – at the time of writing! – by Oliver James Millican.

Millican is one of the new boys on the block. He is invariably accompanied by Lawson Douglas Steele and Stuart Allan George. They either use the Primrose Street address in London, or the New Town address of the Edinburgh Solicitors’ Property Centre Ltd.

Office of ESPC, 90A George Street, Edinburgh. Click to enlarge

I suggest that this Scottish involvement may have brought with it a better understanding of devolution, and an appreciation of the need for contacts with influence at the highest local level.

Which would of course explain the involvement of McMorrin, Taylor and Hill.

I contacted Daran Hill by Twitter DM yesterday, hoping he’d contribute, but he seemed a bit, well, guarded. And when I asked if he had contact details for David Taylor, his reply surprised me.

Click to enlarge

Why would Taylor need a lobbying firm?

Though Taylor and Hill have known each other for a while. Taylor had a company called Leckwith Ltd, which he’d formed in November 2011. On 1 January 2018 Taylor left and Hill arrived. The company was dissolved 5 February 2019.

A company not much more than a shell, so I can’t understand why Taylor didn’t just go for voluntary liquidation. Does it look better on his record that somebody took it over?

Another, rather bizarre connection, between Taylor, Hill and Lesley Griffiths is the late Carl Sargeant, who committed suicide in November 2017, shortly after being sacked as Secretary for Communities and Children.

Hill claimed to have been Sargeant’s best friend at the time of his death. Taylor was also a close friend. Both are mentioned in this report from the inquest. Lesley Griffiths was on the train to Cardiff with Sargeant to attend the meeting with First Minister Carwyn Jones at which he was sacked.

All seemed to take the anti-Carwyn Jones line following Sargeant’s death. Though Griffiths was kept on, and even took over Sargeant’s post, which might be interpreted as accepting a proffered olive branch.

Then, as we saw in a picture above, Taylor was canvassing for Griffiths in 2016. And as far back as 2012 Hill was sticking up for a beleaguered Lesley Griffiths.

They do seem to help each other out.

PULLING IT ALL TOGETHER

Lesley Griffiths over-ruled the planning inspector in October 2018 even though nothing had changed in the five months since the planning inspector delivered his judgement – which Griffiths had accepted.

So why did Lesley Griffiths do it?

Maybe the investors hoping to make millions from Hendy wind farm lobbied friends in London. This resulted in Griffiths being ‘leaned on’.

Then again, maybe the lobbying, and the ‘leaning’, was done in Wales.

Wherever it was done, the developers knew what was going to happen, and this explains why they were on site three days before Lesley Griffiths wrote to the developers’ solicitor to tell him she’d decided to over-rule the planning inspector.

Anyone arguing that I’m wrong about the lobbying should come up with a plausible explanation for Lesley Griffiths’ intervention, and for the prescient surveyors.

She certainly didn’t wake suddenly one night and shout, “Gary, love, I’ve had a vision, and a voice said to me . . . “.

No, she was wide awake, and the voices she heard were more familiar to her.

Surveyors on site at Hendy wind farm 3 days before Lesley Griffiths wrote to developers’ solicitor telling him that she was overturning the planning inspector’s decision. Click to enlarge

Hendy wind farm isn’t the end of the story. It’s not the end of anything. It could even mark the start of Wales sinking to new lows of corruption, that will see companies from outside the country use local influencers to get their way and screw the rest of us.

Through lobbyists and others that are unregulated and unregistered. The fault of a cronyist Labour Party; as this brilliant essay by Matt Smith puts it:

“The Welsh Labour establishment recruits networked left-wing careerists. Of their 29 AMs, 24% worked on the party payroll (as Labour advisers or staffers), 21% worked for third sector organisations, 21% worked in the media and 14% worked for trade unions or a union-affiliated law firm before being selected. Only two fifths of Welsh Labour AMs did not work in professional politics or associated sectors.”

Which is music to the ears of those Taylor and Hill now work for, because the new boys from Yr Hen Ogledd, have further plans for Wales. They formed three new companies as recently as 29/30 April.

In addition, talks are underway with landowners across the A44 from the Hendy site. Which means that the Three Amigos and their Welsh recruits could do very well for themselves in the years ahead.

But what about the rest of us?

In ‘Energy Wales: A Low Carbon Transition‘ we are told about the ‘community benefits’ of renewable energy, and the ‘community-owned’ projects – but where are they?

Take a look at the companies and individuals involved at Hendy, Pen y Cymoedd and other wind farms. The only Welsh beneficiaries seem to be Labour Party insiders like Anna McMorrin, David Taylor, and Daran Hill. Possibly Lesley Griffiths.

And of course, the landowners. For wind turbines are to energy generation what caravan parks are to tourism – they provide no jobs, they put little money into the local economy, and the only real beneficiaries are the landowners who have the turbines or caravans on their land.

Which exposes Labour’s position, yet again, as vacuous, virtue-signalling bollocks.

THE BIT AT THE END WHERE JAC GOES OFF ON ONE

Certain persons in London long ago decided that Wales would take an unfair and disproportionate number of wind turbines in order to protect the vistas of the New Jerusalem.

Taffy doffed his cap, shuffled his feet, and mumbled, “Oh! tidy, mun.” For this diktat could be repackaged as saving the planet. With more sugar added to the pill by promising jobs and community benefits, with free rides for children and pensioners – as outlined in ‘Energy Wales: A Low Carbon Transition’.

I suggest that because covering Wales with wind turbines was a gift for a party with no economic strategy beyond throwing money at shysters while integrating eastern parts of the country with adjoining areas of England and encouraging tourism to ethnically cleanse areas further west.

All that was needed then to implement the cunning plan was persuadable landowners and complaisant councillors. Wales has never lacked for either.

The first turbine at Hendy wind farm, with Llandegley Rocks forming the horizon. Click to enlarge

The hypocrisy and deceit is further exposed by wind turbines creating no jobs beyond the construction stage, and the ‘community benefits’ being restricted to hand-outs from the foreign companies making the profits. (With Labour Party loyalists often deciding who gets these crumbs.)

Which leads me to conclude that the ‘progressive’ consensus in Corruption Bay has done more for the City of London than for the city of Swansea . . . and most other parts of Wales. It takes the likes of Johnson, Cummings and Hancock to make them look remotely competent.

Time is up for the Labour Party and its little helpers. Make sure you give them the message in next year’s election. Wales deserves better.

But even before then, Lesley Griffiths’ position is now untenable.

♦ end ♦

Finally, thanks to the wonderful people in Powys who are fighting these bird slicing, bat dicing, flood causing monsters that despoil our environment so as to protect someone else’s and allow charlatan politicos and their cronies to enjoy their parasitic existence.

I’m sorry I wasn’t able to use everything you sent me. Special thanks, and apologies, to ‘A’ for the photos sent late last night. I’m afraid I’d already finished the article.