October 22 (Renewables Now) - London-based investment manager Foresight Group LLP said today it has bought Simple Power Ltd, which has 52 sub-250-kW single wind turbines in Northern Ireland.
The business with the largest distributed wind portfolio in Northern Ireland was acquired for an undisclosed sum.
The turbines in the portfolio are fully operational and have a combined capacity of over 12 MW. The portfolio qualifies for participation in the recently launched Integrated Single Electricity Market (I-SEM) market in Ireland, Foresight said. Each machine has a standardised lease, grid connection and power purchase agreement (PPA), as well as long-term fixed price operation and maintenance (O&M) agreements, it added.
The acquisition adds to Foresight's portfolio of 12 bioenergy and waste projects in Northern Ireland. It brings the company's wind portfolio to 115 MW.
Foresight said it is looking at a large pipeline of wind opportunities both at home and abroad for deployment over the next six to 12 months.
The company also has 115 MW of energy from waste plants, 1.1 GW of solar farms, 45 MW of battery storage plants and 160 MW of reserve power.