Aviva Investors has made one of its biggest single infrastructure investments to date with the acquisition of a portfolio of UK onshore wind farms from Renewable Energy Systems (RES)
The transaction volume was not disclosed.
'We continue to expand our activities in the UK infrastructure market and believe that investments such as this provide secure and long-dated income streams for our clients. We have developed an excellent relationship with RES and look forward to continuing to work with them as we further expand our investment activities,' commented Jolanta Touzard, associate director at Aviva Investors.
The portfolio includes three operational assets: Jacks Lane Wind Farm (six turbines, 15MW) located in Norfolk; Woolley Hill Wind Farm (four turbines, 10MW), located in Cambridgeshire; the recently completed Den Brook Wind Farm (nine turbines, 18MW) in Devon; and the Turncole Wind Farm (seven turbines, 17.5MW), which is currently under construction in Essex.
Aviva Investors said they were also finalising the acquisition of a fifth wind farm from RES also located in the UK.
RES will continue to provide asset management services to the projects.
