Yorkshire wind farm acquired by investment business
A wind farm in Calderdale, West Yorkshire, is among two such facilities to have been bought by independent infrastructure and private equity investment manager Foresight Group.
It has acquired the five-turbine, 12.5MW wind farm in Calderdale from Glennmont Partners UK, along with a second wind farm in Northern Ireland from the same owner.
The wind farms have an aggregate generating capacity of 37.5MW, with the Todmorden site having been in operation since 2014. It is estimated that the two assets together generate power equivalent to saving 45,000 tonnes of CO2 emissions per year, compared to power produced from natural gas.
These assets have been acquired by funds managed by Foresight for an undisclosed amount.
Foresight’s total wind assets under management have been boosted by 11% to 372.5MW by these latest acquisitions. The firm says this is further evidence of its diversification across different, complementary renewables platforms.
Helen Downie, Senior Investment Manager at Foresight, said: “We are delighted to have completed the acquisition of these two wind farms from Glennmont.
“We continue to strengthen our diversified energy infrastructure portfolio throughout the UK, which is comprised of various renewable generation technologies and supporting infrastructure. The acquisition is a further demonstration of our market-leading renewables investment presence in the UK.”
Foresight says it is currently monitoring a large pipeline of both domestic and international wind opportunities for future deployment over the next six to 12 months.
The company is headquartered in London with regional offices in Manchester, Nottingham, Edinburgh, Milton Keynes, Leicester and Guernsey and international offices in Sydney, Rome, Madrid and Seoul.
It has £4bn worth of Assets Under Management across a number of funds, including Listed Vehicles, Limited Partnerships, Enterprise Investment Schemes, Venture Capital Trusts and Inheritance Tax Solutions using Business Property Relief.
Foresight is a major renewables infrastructure investor, with over £3bn worth of energy infrastructure assets under management.
