Onshore wind portfolio
Equitix investment: £24.8 million
Date acquired: January 2019
This project comprises the acquisition of two operational onshore wind farms, including four Enercon 2.3MW and two Senvion 2.05MW turbines with a total installed capacity of 14MW. The assets are located in Wern Ddu, North Wales and Kessingland, Suffolk and have been operational since 2010 and 2011 respectively.
Both wind farms benefit from a strong operational history and from higher Renewable Obligation Certificates (1.0) and feed-in tariffs. Enercon and Senvion are Tier 1 in the supply chain and both assets were bought at an attractive price, relative to larger deals in the sector.
There is a strong upside potential for both assets, including refinancing.