Downing has concluded an investment to acquire the land and associated lease income related to a 200MW operational wind farm in the Scottish Highlands.
The investment was made by Downing Sustainable Investment, a bespoke vehicle for UK charitable institutions that provides exposure to stable, long-term inflation linked cashflows derived from core renewable energy assets.
Downing is able to work with charities to provide access to renewable energy investments that can deliver a broader positive environmental impact, as well as an ongoing income stream that can be used to support a charity’s day-to-day objectives.
Investment director at Downing Sean Moore said: “This latest acquisition underlines our commitment to investing across the renewable energy sector.
“Downing has long-standing experience in investing in renewable energy assets and our in-house investment and asset management expertise was key to making this investment possible.”
Downing head of institutional business development Tom Phillips said: “Long-term investments into core renewables can be a great fit for charities who are seeking to generate a return from an asset class that supports the UK’s journey to net zero.
“We plan to launch similar investment vehicles for other UK charities, foundations and endowments who share this objective.”