Inverclyde wind farm, Scotland. Image by BayWa r.e. (www.baywa-re.com)
German renewables developer BayWa r.e. has finalised construction of the 24-MW Inverclyde wind power project in Scotland and sold the wind farm to UK timber processor James Jones & Sons Ltd and Gresham House Asset Management.
The project was a subsidy-free development, the first for a wind farm in the UK, according to BayWa r.e. The Inverclyde wind farm will operate under a 15-year power purchase agreement (PPA) with UK retailer Tesco Stores Ltd as the off-taker.
The eight-turbine Inverclyde is located in the namesake council area, south of the town of Greenock and west of Port Glasgow.
BayWa r.e. has so far developed and managed a total of 232 projects in the UK, installing 685 MW and managing 2,400 MW, the German company said in a statement.
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