Wathegsr 2 wind farm changes hands

BayWare has sold its Wathegar 2 wind farm to the British Strategic Investment Fund LP (BSIF), which is managed by London-based specialist asset manager, Gresham House Asset Management. The wind farm has a capacity of 18.45MW comprising nine 2.05MW Senvion turbines.

“The sale of the Wathegar 2 wind farm rounds off a very successful few years for our wind business in the UK”, said Katy Hogg, co-head of wind energy projects at BayWare. “In 2019, we want to further expand our UK wind and solar development business and look forward to new and interesting projects in the New Year.”

BayWare recently acquired the 18.8MW Tralorg wind farm,  in South Ayrshire, with a 15-year Contract for Difference (CfD).  

Wayne Cranstone, Investment Director at Gresham House New Energy Ltd said: “We are delighted to have completed the acquisition of Wathegar 2, our first renewable energy investment for BSIF. The project is close to the Wathegar 1 wind farm which is also managed by Gresham House Asset Management. Both wind farms enjoy high capacity factors typical of north east Scotland. We look forward to realising the significant long-term value that we see in this project.”