News Column

Windfarms change hands for pound(s)19.1m

June 24, 2014

THE Renewables Infrastructure Group (TRIG) has expanded its portfolio in Scotland with the acquisition of a windfarm in Aberdeenshire

The Meikle Carewe site, near Stonehaven, has been bought, along with the Tallentire facility at Cockermouth, Cumbria, in a deal worth pound(s)19.1 million.

Both windfarms have been bought from renewable energy developer RES.

TRIG had struck an agreement giving it the first option to buy the sites prior to its initial public offering on the London Stock Exchange main market in July 2013.

It raised pound(s)300m on its entry to the stock exchange to buy a portfolio of 18 assets which included windfarms in Caithness, Moray and Ayrshire.

Meike Carewe, which began operating in July last year, has 12 turbines with a generating capacity of 10.2 megawatts.

Tallentire, running since May 2013, has six larger-capacity turbines, which give it the ability to generate up to 12 megawatts of power.


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Herald, The (Scotland)


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters