22nd Oct 2019 13:50
(Alliance News) - Renewables Infrastructure Group Ltd said on Tuesday it has acquired 100% interest in Little Raith Wind Farm in Fife, Scotland.
The renewable-energy focused investor said the wind farm was acquired from local developer Kennedy Renewables and was financed from the company's cash resources following its recent fund raise. No financial details of the acquisition were disclosed.
Little Raith Wind Farm is a 25 megawatts wind farm, consisting of nine 2.7 megawatts general electric turbines. It was commissioned in November 2012 and has a Renewable Obligation Certificate accreditation. The wind farm also has a power purchase agreement with Statkraft Markets Gmbh, the company said.
Renewables shares were down 0.2% in London at 130.95 pence each on Tuesday afternoon.
By Loreta Juodagalvyte; [email protected]
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