October 23 (Renewables Now) - The Renewables Infrastructure Group Ltd (LON:TRIG) has acquired the 25-MW Little Raith wind farm in Scotland after purchasing the entire stake in the operating plant from local developer Kennedy Renewables.
The UK-based investment company, also known as TRIG, financed the acquisition using own cash resources following a recent fund raise, it said Tuesday, adding that it purchased the wind farm ungeared.
Little Raith, located in the Scottish council area of Fife, is equipped with nine units of 2.75-MW turbines supplied by GE Renewable Energy, which will remain with the wind farm to provide full-scope operations and maintenance (O&M) services.
Since the November 2012 commissioning, Little Raith has been selling its output to energy trader Statkraft Markets GmbH under a 15-year power purchase agreement (PPA).
The wind farm also benefits from Renewable Obligation Certificate (ROC) accreditation, which entitles it to receive 1.0 ROC per MWh of power produced until 2032, TRIG said.