SEP sells onshore wind farm portfolio

Scottish Equity Partners (SEP) has sold its portfolio of onshore wind farms to Pensions Infrastructure Platform (PiP) for £50 million (€58 million).

Comprising 64 turbines in locations across the UK and Ireland, the deal further adds to PiP’s existing wind assets. These include Aura, one of the largest stand-alone feed-in-tariff wind portfolios in the UK.

SEP’s portfolio contains all five of the wind farm investments made by the environmental capital fund, a specialist infrastructure fund managed by the firm.

The deal includes single-turbine sites throughout Orkney and the Shetland Islands, as well as utility-scale turbines in Curraghderrig in Ireland, and the Port of Tilbury in London.

“Over the last four years, we have added significant value to the portfolio through active management and a hands-on approach. We believe this is the appropriate time for our fund to exit and we wish PiP success in the future,” said Peter Bachmann, director of SEP’s technology infrastructure team.

This deal marks SEP’s second major energy disposal in 2019, following the high-profile sale of its energy infrastructure investments, Indigo Pipelines.

The third largest independent gas transportation network in the UK, Indigo comprises around 180,000 gas connections and was bought by asset manager Arjun Infrastructure Partners in February.

©2019 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

Innovative US companies are providing some of the solutions to the climate crisis and transition to a more sustainable economy. We see potential opportunities in areas including renewable energy and…
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

IRELAND SPOTLIGHT

Visit our dedicated Ireland channel for all the latest news and analysis on the country's investment industry.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST