Two UK Wind farm deal worth £104m agreed

A £104m deal has been agreed to buy two Scottish wind farm projects which have yet to start construction.

Greencoat UK Wind will purchase the Windy Rig and Twentyshilling schemes in Dumfries and Galloway from Statkraft upon completion.

See the source image

Work is expected to start shortly with target dates in 2021 for the turbines to become operational.

Greencoat chairman Tim Ingram said it was delighted to partner with Statkraft on the project.

“This transaction follows, and is very similar to, our recently announced Glen Kyllachy acquisition from Innogy, with acquisition completion occurring upon the successful commissioning of the wind farms,” he said.

Windy Rig – a 12-turbine project near Carsphairn – and Twentyshilling, which involves nine turbines near Sanquhar, are projects originally developed by Element Power which was acquired by Statkraft last year.

See the source imageGreencoat UK Wind is managed by renewable investment firm Greencoat Capital.

The company already has an extensive portfolio in the UK.

It either owns or has a stake in nearly a dozen wind farms in Scotland, including a 28.2% interest in the giant Clyde wind farm in South Lanarkshire.

In the Scottish Borders, it has a 51.6% stake in Drone Hill, Coldingham, and owns 100% of Carcant, near Heriot, and Langhope Rig, near Hawick.

Source: BBC News

Pls Comment, like and share

Thinking of buying a property?

Need help with property purchase in the UK from start to finish, Please Contact me

Selling or renting your property in Greater Manchester? Get same day EPC for £45 only

Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk

Published by

denecoblog

I am a Property/Energy Consultant TA DenEco Consultancy - www.deneco.co.uk: A friendly, energetic and adaptable individual with keen interest and aptitude for learning and motivating others, with great academic skills and work experience in both Life science and Environmental Management, seeking an opportunity to use his proven flair for teamwork and creativity in Property Purchase, Energy Efficiency, Environmental management for sustainable development and growth in any related sector or industry. I help individuals, businesses, SMEs and corporate clients save or make money in regards to Property investment, energy efficiency, environmental management solutions. The foundation of my experience is environmental protection. I have a passion for helping people, businesses and corporate organization achieve their dream through Property Investment and become more efficient and effective in their energy, and environmental management. I get satisfaction from knowing that the work am doing is helping make/save money and the environment.  Contact us @ www.deneco.co.uk Outside of work you can find me spending time with family, studying and researching for new opportunities and continuous development. Specialties: Property Investment, EPC provider, Energy Efficiency, Environmental  management.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.