Greencoat UK Wind completes acquisition of 367 MW of Scottish wind

Wind turbines in Scotland. Author: Gary Denham. License: Creative Commons, Attribution-NoDerivs 2.0 Generic

March 28 (Renewables Now) - Greencoat UK Wind Plc (LON:UKW), a renewable infrastructure fund managed by Greencoat Capital LLP, said Thursday it has completed the acquisition of three wind power assets totalling 367 MW in Scotland.

Specifically, Greencoat UK Wind acquired a 49.9% stake in both the 228-MW Stronelairg and the 94-MW Dunmaglass onshore wind farms from UK utility SSE Plc (LON:SSE). Both farms are fully operational and will be receiving Renewable Obligation Certificates (ROCs) of 0.9 per MWh.

The purchase of the 45-MW subsidy-free Douglas West wind farm from Blue Energy has also been concluded, Greencoat UK Wind said in the same press release. The Douglas West project will be built about 7 miles south west of Lanark, Scotland. Natural Power and Blue Energy will provide owner’s engineer and construction management services.

(GBP 1.0 = USD 1.32/EUR 1.17)

More stories to explore
Share this story
About the author

Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription