The Transport for London Pension Fund is acquiring a 26MW offshore UK wind farm from a DIF Capital Partners-managed infrastructure fund.

The DIF Infrastructure IV (DIF IV) has agreed to sell the Wadlow wind farm project, located close to Cambridge, to the pension fund for an undisclosed amount.

The Wadlow wind farm project, which comprises 13 Vestas V90 2MW turbines, has been operational since September 2012 and was acquired by DIF IV in 2016.

Andrew Freeman, partner and head of exits at DIF Capital Partners, said: “We are very pleased with the successful exit of this project. Our proactive approach to divestments helps to deliver attractive risk-adjusted returns for our investors, with this sale further demonstrating the strong track record of our investment strategies.

“The success of this investment since 2016 demonstrates how financing the energy transition can deliver strong returns for our investors as well as drive the transition to net zero. DIF will be continuing to look for investment opportunities in the UK renewables sector in the coming years.”

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