Investment group sells UK wind farm to Transport for London pension fund
Investment group sells UK wind farm to Transport for London pension fund | Windpower Monthly
DIF Capital Partners has agreed the sale of the 26MW Wadlow wind farm to Transport for London's pension fund.
Located near Cambridge and comprised of 13 V90-2.0 MW turbines, it has been operational since September 2012. It had been acquired by the infrastructure fund manager in 2016.
Andrew Freeman, partner and head of exits at DIF Capital Partners, said: “The success of this investment since 2016 demonstrates how financing the energy transition can deliver strong returns for our investors as well as drive the transition to net zero. DIF will be continuing to look for investment opportunities in the UK renewables sector in the coming years.”
Closing of the transaction is expected in Q2 2024.
Related Knowledge Center: ENERGY BASICS: wind
Decades of government support for the development of wind energy has resulted in lower costs and a rapidly growing share of electricity generated by wind turbines. Wind in 2019 accounted for 7.3 percent of electrical generation, surpassing for the first time hydropower at 7.0 percent.