The Durham-based Hargreaves Group have set up a new energy business, Brockwell Energy Limited, focussing on onshore wind, energy-from-waste, and ‘flexible’ gas power projects. Alex Lambie will lead the new company with Hargreaves Group finance director Iain Cockburn supporting. Mr Lambie has a 40 year history working in the energy sector, notably as non-executive chairman of Welsh Power Group, which developed into a £1bn business from £38M of investment during his tenure.
Hargreaves expect Brockwell Energy Limited to become an ‘integrated’ energy business over time, that will include solar PV and energy storage as well as wind, energy from waste, and gas in its portfolio.
Mr Lambie said of the project: “Together, the projects and the team offer the opportunity to create significant value from the current project portfolio and provide a strong platform to develop a larger business focused on the development and delivery of energy projects across a balanced portfolio of technologies. I am delighted to be tasked with leading the team and excited by the opportunities that lie ahead.”