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13th Aug 2020 Login  
whats happened to proven?
by scott smith at 2011-09-15 19:59:09 (Forum::Public::ProvenEnergy)
whats all this about proven?
their webapge is nearly dead except for a warning to stop turbines, the interweb is full of stories about them going to the wall and the company that gives them all there money has crashed on the stock market !!!!

whats happened 2 the p35 turbine now? something wrong with shafts or something?

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scotty82

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whats happened to proven? scott smith - 2011-09-15 19:59:09
Re: whats happened to proven? CL - 2011-09-16 16:16:31
First I've seen of it, a bit worrying for the future availability of spares etc.
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CJL
Re: whats happened to proven? Ted Marynicz - 2011-09-16 18:10:27
BBC report that Proven have been placed in administration - http://www.bbc.co.uk/news/uk-scotland-scotland-business-14953786
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ted
Re: whats happened to Proven? Peter - 2011-09-21 12:48:33
Perhaps a lesson of what happens when VCs get involved who really don't understand the business. I feel extremely sorry for Gordon Proven, who created a good business and helped to place small domestic sized wind generation on the map.

A collapse like this is bad for the industry and particularly their customers and dealers. One of the reasons I purchased a Bergey rather than a Proven was the consistent stories of poor service - even when seeking to purchase, they failed to answer my emails efficiently. The troubles seem to have stemmed from the time they received a very large input of VC capital to pump them up.

Hopefully, people who now really understand the business will purchase the business from the Administrator and a Phoenix will arise from the ashes.

Peter

Re: whats happened to Proven? Peter - 2011-09-21 17:07:27
More info is available at the links below:

Proven cash cricis & Proven news & Proven problems.

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Peter

Re: whats happened to Proven? Ted Marynicz - 2011-09-25 12:28:24
The P35s have now had their MCS certification suspended. Not that anyone is about to buy one.
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ted
Re: whats happened to Proven? CL - 2011-09-26 12:18:07
Looks like someone is going to buy them from this and other articles I have read

http://www.bloomberg.com/news/2011-09-22/proven-energy-s-receivers-obtain-bids-for-wind-turbine-producer.html
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CJL

Re: whats happened to Proven? Vicki Burns - 2011-09-27 09:29:28
Hi all
For those having difficulties with Proven Energy, Myriad, (whose wind turbines have a 14 year trouble-free record), have launched a helpline offering free advice and support on 0203 056 0874
Hope this helps!
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VickiB
Re: whats happened to Proven? Stuart - 2011-09-28 09:18:50
Yes the administrators seem to be keeping the show on the road. The web site is back up.

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Stuart

Re: whats happened to Proven? CL - 2011-10-13 15:08:16
Been bought over by Kingspan

http://www.bbc.co.uk/news/uk-scotland-scotland-business-15291771

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CJL

Re: whats happened to Proven? Vicki Burns - 2011-10-20 15:15:46
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VickiB

A series of roadshows has been announced for farmers keen to learn more about safe renewable energy options in the wake of the collapse of Proven Energy and Icon Energy.

Myriad CEG Power, the UK’s leading provider of onsite green renewable energy systems, has acted to tackle the difficulties and confusion created.

Farmers who already have Proven wind turbines on their land and want advice on what to do next – as well as those considering a move into renewable energy generation, are invited to attend the open days.

The first three are:

• Wind Turbine Seminar and Open Day: Thursday October 27, Wilsey Down freehouse, Hallworthy, Camelford, Cornwall.

• Solar PV System Open Day, Thursday November 3, Holmes Farm, Brant Broughton, Lincolnshire.

• Wind Power Open Day, Tuesday November 8, Riplingham Road, Raywell, Cottingham, East Riding of Yorks.

Myriad works closely with Gaia Wind, which was the only profitable wind turbine manufacturer in 2010 and has a 14-year trouble-free track record.

For further information on attending any of the events, please contact Myriad CEG on 0203 167 0980.

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