Asset manager Capital Dynamics has acquired the consented 23MW Castlegore wind farm in Northern Ireland from German developer ABO Wind.
Construction of the subsidy-free project, which will be supported by a long-term power purchase agreement, will begin later this year.
Commercial operations are expected to start in early 2022. A purchase price was not disclosed.
“The United Kingdom remains a robust market for our specialized investment platform focused on renewable energy assets,” said Simon Eaves, the head of Capital Dynamics’ European clean energy infrastructure team.
“With long-term contracted offtake and an acceleration of asset owners moving away from fossil fuels, we believe onshore wind and solar power remain an attractive investment proposition.”
Pinsent Masons acted as legal counsel to Capital Dynamics on the acquisition, and Wood Group served as lead technical advisor.