A 500kW wind turbine in Merthyr Tydfil has been bought by Scottish Equity Partners (SEP).
The turbine has been operational since December 2013 and has a 20-year index linked, fixed price, feed in tariff of which 16 years remain. The tariff covers 100 per cent of its revenue.
Operations and maintenance of the turbine will continue to be undertaken by manufacturer Emergya Wind Technologies (EWT) on a long-term full scope basis.
This transaction is the third wind investment to be completed by SEP’s infrastructure team over the last six months.
Peter Bachmann, director of SEP’s infrastructure team, said: “Merthyr represents an attractive standalone investment and we are hopeful that the deal will also act as a catalyst for further acquisitions of EWT or other tier one, single wind turbines across the UK and Ireland.
“EWT has over 400 turbines installed in the UK and we are delighted to have added this high quality direct drive turbine to our portfolio of wind assets.”
Dylan Jones, who led the sales process on behalf of the original project owner, said: “We are pleased to have been able to realise the value from our development efforts on this turbine which started in 2011.”