SUSI Partners has acquired its first wind farm in Ireland from renewable energy projects developer ABO Wind.
The Swiss investment manager said SUSI Renewable Energy Fund II (SUSI RE II) bought the 13.2MW Cappawhite B project in Southern Ireland for an undisclosed sum.
The wind farm is currently being constructed by ABO Wind’s subsidiary ABO Wind Ireland in Milestone, North Tipperary County in the Republic of Ireland.
SUSI said commissioning is scheduled for the second quarter of 2018.
A subsidiary of ABO Wind will cover technical and commercial management of the project.
Marco van Daele, CIO of SUSI Partners, said: “Our first investment in Ireland adds an attractive project to our well-diversified portfolio of renewable energy assets.
“We will continue to pursue transactions with trusted partners like ABO Wind in core markets and are looking forward to realizing further transactions in the attractive Irish market.”
SUSI RE II offers investment opportunities in renewable energy infrastructure in Europe to institutional investors. The closed-end fund has €380m of investor commitments.
Sönke Voigt, the managing director of ABO Wind, said: “ABO Wind has realised four wind energy projects in Ireland to date with a total capacity of more than 80 megawatts. Another 150MW are currently in development.
“With our wind farm Cappawhite B, we are continuing our successful partnership with SUSI.”