Scots renewables investment house acquires three new wind-powered generation assets in England, Wales and Ireland

The EWT 500kW turbine is designed to maximise yield from low to medium wind sites
The direct-drive EWT 500kW turbine is designed to maximise yield from low to medium wind sites

Glasgow-based Scottish Equity Partners has bought Merthyr Renewable Energy – which operates a 500kW wind-power turbine generator in Merthyr Tydfil – from the original project developers.

The acquisition was completed on an all-equity basis without project finance debt, for an undisclosed price.

The tier one turbine, manufactured by Netherlands based Emergya Wind Technologies has been operating since 2013 and benefits from a 20-year index linked, fixed price, feed in tariff (of which 16 years remain) covering 100% of its revenue.   

Operations and maintenance of the turbine will continue to be undertaken by EWT under a comprehensive service contract.

This deal is the third wind investment to be completed by SEP over the last six months and follows equity funding for the construction of the €8.7 million, 4.6MW Curraghderrig wind farm in the Republic of Ireland and the acquisition by ECF of the 9.2MW Port of Tilbury windfarm from SSE.

24 Jan 2018

Pixie Energy

Pixie logo Pixie Energy is an incubator and a facilitator of strategic research and project work, focusing on energy regulation, policy and markets at the local and national level. Find out more about Pixie Energy here.

Local Energy Matters: Scotland

Local Energy Matters: Scotland is a free-to-download brochure with a focus on energy tariffs in the two Scottish electricity distribution regions, as well news on local energy and low-carbon schemes.

Previous editions can be download here.

Scottish energy market overview

You can read an overview of the Scottish energy market here.

Scottish Government energy feed