The Renewables Infrastructure Group (TRIG) has acquired the 30MW Solwaybank wind farm in Dumfries and Galloway, buying it from developer RES.
RES began preparing ground for construction in April 2018 and it will continue to operate the 15-turbine project. The Senvion MM100 turbines are planned to become operational in the first quarter of 2020.
Solwaybank has a Contract for Difference with an allocated strike price of £82.50 per MWh (in 2012 prices). The Solwaybank deal follows the acquisition by TRIG earlier in June of two RES onshore wind farms in France, Rosieres and Montigny located in Meuse and Aisne.
TRIG has invested in 61 renewables projects (including onshore and offshore wind, solar PV and power storage projects) in the UK, France and the Republic of Ireland, with aggregate net output capacity of 938MW. Its investment manager is InfraRed Capital Partners.
Richard Crawford, director, infrastructure at InfraRed Capital Partners, said:“Solwaybank is an important investment for the TRIG portfolio, being its first CfD wind farm in the UK. Together with the two French wind farms acquired last week, Solwaybank enhances the Company’s revenue visibility as part of a balanced portfolio. ”