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)

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