Aberdeen Standard Investments (ASI) has financed an operational wind farm in Scotland with over £63 million (€70.6 million) of long-term debt.
The investment was funded by three of the firm’s pension and insurance clients with the aim of offering them long-term and reliable income from clean energy.
Located in Dumfries and Galloway in south-west Scotland, the Whiteside Hill Windfarm is owned by investors managed by Capital Dynamics through its clean industry infrastructure investment strategy.
Swiss-based Capital Dynamics is said to be one of the largest specialised renewable energy investment managers worldwide, generating 4.7GW of gross power across more than 100 projects as of the end of March this year.
The Whiteside Hill Windfarm, accredited under the UK government’s Renewables Obligation Certificates programme, has an approved export capacity of 27MW of clean fossil-free energy.
It will be operated by a subsidiary of Global Energy Group, which manufactured and installed the turbines in the windswept uplands.
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