Statkraft wraps up sale of 38-MW Scottish wind farm to Greencoat

Norwegian power producer Statkraft A/S has wrapped up the construction of its 37.8-MW Twentyshilling Hill wind farm in Scotland and finalised the asset’s sale to Greencoat UK Wind Plc (LON:UKW).

The wind park, located in Dumfries & Galloway, was built without using any subsidies, with its nine turbines expected to generate electricity for more than 36,000 homes annually. Under the arrangement, Statkraft will take care of its operations and maintenance, the Norwegian group said on Wednesday.

The divestment of Twentyshilling Hill to the renewable energy fund managed by Greencoat Capital LLP was agreed by Statkraft at end-2019 along with the sale of the 43-MW Windy Rig wind project in Dumfries & Galloway. Both projects were initially developed by Element Power Ireland Ltd, which was acquired by Statkraft in September 2018. They are forming an over 117-MW wind portfolio that Statkraft has unloaded to Greencoat in the past 12 months.

In the UK, Statkraft aims to deploy at least 600 MW of renewable energy capacity by 2025, the company noted.

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