Capital Dynamics has acquired a 100% equity stake in the 34MW Pines Burn wind project in Scotland from Energiekontor.
Pines Burn is a 34MW shovel-ready, subsidy-free project located in the Scottish Borders and is expected to reach commercial operations in the second half of 2023.
Pines Burn represents Capital Dynamics Clean Energy’s third successful UK acquisition from its partnership with Energiekontor following the acquisition of the Longhill and Sorbie wind projects in 2021.
Capital Dynamics Clean Energy co-head Barney Coles said: “With the increasing importance of energy security in Europe, we are delighted to add Pines Burn Wind Farm to our extensive programme of investments in the build-out of new, renewable power generation capacity across the continent.
“Our long-standing collaboration with Energiekontor continues to deliver infrastructure that will underpin reductions in household energy bills in the long run, and create local green jobs that support the UK’s ‘levelling up’ agenda whilst making a meaningful contribution towards its net zero ambitions.”
Energikontor has already been able to sell almost 100MW of wind projects and said it will continue to realise its project pipeline in Scotland.
During construction, Pine Burns will employ over 85 workers, many from the local area.