Resonance Asset Management’s second energy wind fund has added four Scottish assets to its portfolio.
The Resonance British Wind Energy Income II (RBEIF II) fund has invested £15.6m (€18m) to buy the assets in Newton of Culver, North Balnoon, Rattar and Bonerbo with exporting capacity of 500kW each.
Resonance said the £100m RBEIF II fund is actively pursuing opportunities to invest a further £35m in onshore wind farms in the UK. The fund announced its first investments in November last year with the acquisitions of a £42m portfolio of 30 individual turbines in Northern Ireland and a single turbine in Aberdeenshire.
Nick Wood, CEO and founder of Resonance, said: “These wind farm investments mark an important milestone for Resonance bringing the total number of wind turbines held by RBEIF II to 35.
“Combined with RBEIF I’s assets, Resonance now has 55 turbines across two investment funds.”