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Thrive Renewables buys 2.7-MW wind project in Scotland

Farr Wind Farm in Scotland. Author: Steve Abraham.

November 27 (Renewables Now) - British firm Thrive Renewables on Tuesday announced the acquisition of a 2.7-MW wind project in South Ayrshire in Scotland for an undisclosed amount.

The Chapelton project, located near Girvan, has planning and land rights for three turbines, with initial ground works already in progress.

The renewable energy investment company said this was the first subsidy-free onshore wind project it will develop after selling two operational wind farms for GBP 11 million (USD 14m/EUR 13m) earlier in the year to fund new investments.

Thrive Renewables plans to feed the power generated at the farm directly into the electricity grid, while also supplying a local business. This will make the Chapelton project the company's latest "private wire" project.

According to managing director Matthew Clayton, the "private wire" model, under which power generated from small and medium-sized wind farms is supplied directly to local businesses, is one of the ways to make sure renewable infrastructure investment continues even without government support.

(GBP 1.0 = USD 1.31/EUR 1.19)

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Before joining Renewables Now, Alex was a UK-focused business news reporter. Now she is covering global news from the renewable energy industry with a special interest in M&A.

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