Capital Dynamics has bought a Scottish onshore wind project from Energiekontor.
The independent global private asset management firm has invested an undisclosed amount to buy the 50MW Longhill onshore wind project located in West Lothian.
The project is expected to be one of the largest subsidy-free onshore wind projects in the UK once operational, Capital Dynamics said adding that construction of the project will commence in April and is expected to achieve commercial operations in the second half of 2022.
Barney Coles, director of clean energy infrastructure at Capital Dynamics, said: “The acquisition of Longhill wind farm demonstrates our commitment and contribution to the UK’s net-zero’ climate targets, and in so doing we are delighted to have extended our subsidy-free renewable power investments footprint to a fourth European energy market.
“With this transaction, we are also excited to kick off a broader, multi-discipline collaboration with Energiekontor covering development, optimisation and operations activities.”
Peter Szabo, CEO of Energiekontor, said: “As is known, we have invested a lot of work in the expansion of our Scottish pipeline in recent years.
“With the sale of the Longhill wind farm project, we are reaping our first harvest here. We are delighted to have gained such a renowned partner in Capital Dynamics, with whom we will continue to enjoy working in the future.”
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