The UK’s Pensions Infrastructure Platform (PiP) has bought a portfolio of onshore wind farms from Scottish Equity Partners (SEP) in a £50m (€58m) deal.

SEP - which manages funds on behalf of institutional investors, pension funds and corporates - said it has sold its portfolio of 64 turbines in locations across the UK and Ireland.

The portfolio ranges from single-turbine sites across the Orkney and Shetland Islands to utility-scale turbines in Curraghderrig, Ireland and the Port of Tilbury in London.

The SEP portfolio contains all five of the wind farm investments made by the Environmental Capital Fund, a specialist infrastructure fund managed by SEP.

Peter Bachmann, a director in SEP’s technology infrastructure team said: “Over the last four years, we have added significant value to the portfolio through active management and a hands-on approach.

“We believe this is the appropriate time for our fund to exit and we wish PiP success in the future.”

Joe Davis of PiP said: “PiP is delighted to have acquired this portfolio as it further provides our pension scheme investors with long term, inflation-linked cash flows to be used to help meet their pension obligations.”