Asset manager Capital Dynamics has acquired a 100% equity stake in the Longhill wind project in Scotland from Energiekontor.
The 50MW Longhill wind farm project will consist of eight of the largest capacity onshore turbines, with a capacity of 6.25MW each, from Siemens Gamesa.
The project, located in West Lothian, is expected to be one of the largest subsidy-free onshore wind projects in the UK once operational.
Construction of Longhill will commence in April 2021 and it is expected to achieve commercial operations in the second half of 2022.
Energiekontor will provide operations and management services for the wind farm, supported with optimisation support and Capital Dynamics’ Clean Energy Infrastructure subsidiary platform, CD Arevon to help optimise operations.
Clean Energy Infrastructure director Barney Coles said: “The acquisition of Longhill wind farm demonstrates our commitment and contribution to the UK’s ‘net-zero’ climate targets, and in so doing we are delighted to have extended our subsidy-free renewable power investments footprint to a fourth European energy market.”
“With this transaction, we are also excited to kick off a broader, multi-discipline collaboration with Energiekontor covering development, optimisation and operations activities.”
Energiekontor CEO Peter Szabo added: “As is known, we have invested a lot of work in the expansion of our Scottish pipeline in recent years.
“With the sale of the Longhill wind farm project, we are reaping our first harvest here. We are delighted to have gained such a renowned partner in Capital Dynamics, with whom we will continue to enjoy working in the future.”
The parties have agreed not to disclose the purchase price.