Kingspan Renewables acquires collapsed Scottish wind-turbine maker

PROVEN Energy Ltd, the Scottish wind-turbine maker forced into receivership last month because of a product fault, was sold to Kingspan Renewables Ltd.

The sale will safeguard the jobs of Proven Energy’s 20 remaining employees and manufacturing will continue at its facility in Ayrshire, Scotland, according to an emailed statement yesterday from KPMG LLP, the company’s receivers.

Terms of the sale were not provided. KPMG was not available for further comment.