The family-owned firm has signed a deal with leading global wind turbine manufacturer, Senvion, for the supply and installation of 47 turbines for three onshore wind farm projects with a total generating capacity of 151 megawatts.
Six of the turbines will be used at the Moor House Wind Farm to the North East of Darlington, which is expected to be operational before the end of 2017.
The Moor House scheme, which will be located on land to the north east of Barmpton, around three miles to the east of the A1, will offer North East businesses the opportunity to tender for contracts worth up to £4.5m in relation to different elements of the scheme, including construction, security, accommodation and catering.
The other 41 Senvion turbines will be provided to two Scottish sites by April 2018, with 26 being used at the Kype Muir Wind Farm and 15 at the Middle Muir Wind Farm, both in South Lanarkshire.
A community benefits fund will be created from revenues generated by the wind farm, offering £375,000 of funding over the 25-year lifetime of the scheme for local community groups, environmental and voluntary projects, in order to provide tangible long-term benefits for the community.
Banks Renewables has also agreed 20-year operations and maintenance contracts with Senvion for all three projects, which will between them, generate enough clean, green energy to power more than 80,000 homes.
Richard Dunkley, executive director at Banks Renewables, said: "Modern, efficient onshore wind farms such as Middle Muir, Kype Muir and Moor House are acknowledged as providing the lowest cost form of carbon-free renewable energy generation for the UK, and we firmly believe they have a central role to play in the UK’s future energy mix, as well as in generating more of the energy that we all use via renewable means.
Raymond Gilfedder, managing director of Senvion Northern Europe, said: “We are delighted to be continuing our long standing relationship with Banks Renewables and we look forward to further building on this partnership.
“The successful conclusion of these three contracts demonstrates the strength of the Senvion product portfolio for the UK market and continues what has been a very promising 2016 for Senvion so far.”
Our BQ Bulletin emails will land in your inbox at 7.30am, Monday to Friday, with a mix of the latest local business news, national news, and features to inspire you. Sign up here!
Click here to read our privacy statement