Posted on: 05/07/2016
Greencoat buys Screggagh windfarm
Greencoat UK Wind has bought the Screggagh wind farm in Northern Ireland.
The London-based investment firm paid £27 million for the 20MW site. The wind farm was commissioned in May 2011 and received 1 ROC/MWh.
Greencoat Chairman Tim Ingram, said: "We are delighted to announce the acquisition of Screggagh Wind Farm. Our structure and financing enable us to investigate a wide range of deal sizes from all vendors in the market, allowing us to select only the most value accretive assets."
Primrose Solar in £42m refinancing deal
Primrose Solar has signed a £42 million deal with Deutsche Bank to refinance the Eveley solar farm in Hampshire.
The company bought the 49MW site in December from PS Renewables.
Giles Clark, Chief Executive of Primrose Solar, said: “This shows that the UK solar industry is capable of delivering world class projects to high quality and a tight timetable.”
Council backs Isle of Wight solar farm
Wight Community Energy has completed a deal to borrow £1.7 million from Isle of Wight Council.
The money will be used to finance a £5.28m solar park at Homestead Farm, Ningwood. The developer has raised £418,000 through a community share offer out of a target of £800,000.
Delvin Lane, CEO of Anesco, which built the solar farm, said: “Community ownership projects like this are a fantastic way of allowing local people to invest in green energy that’s being generated right on their doorstep. I’m delighted that Isle of Wight Council has invested in the site; it is testament to their commitment to the environment and local people.”
John Laing buys Welsh wind farm
Infrastructure investor John Laing has bought the 24MW Llynfi Afan wind farm, which is being built by contractor NRS Group in South Wales.
The 12-turbine site is due to be completed by the end of the year.
John Laing has also sold its 26MW Dungavel wind farm in South Lanarkshire to its own John Laing Environment Assets Group for £32.8 million.
Marine energy firm hits milestone
Sustainable Marine Energy (SME) has installed four subsea rock anchors in the Falls of Warness off the coast of Orkney.
The milestone will allow it to deploy its PLAT-O 1 tidal energy platform at the European Marine Energy Centre (EMEC).
The vehicle used to install the anchors was developed in-house by SME over the past three years.