DIF Capital Partners, through DIF Infrastructure IV (DIF IV), will sell its 26MW Wadlow onshore wind farm in the UK to the Transport for London Pension Fund.
The project, located close to Cambridge, comprises 13 Vestas V90 2MW turbines and has been operational since September 2012 and was acquired by DIF IV in 2016.
Closing of the transaction is subject to customary conditions and approvals, and is expected to take place in second quarter 2024.
Partner and head of exits at DIF Capital Partners Andrew Freeman said: “We are very pleased with the successful exit of this project. Our proactive approach to divestments helps to deliver attractive risk-adjusted returns for our investors, with this sale further demonstrating the strong track record of our investment strategies.”
“The success of this investment since 2016 demonstrates how financing the energy transition can deliver strong returns for our investors as well as drive the transition to net zero. DIF will be continuing to look for investment opportunities in the UK renewables sector in the coming years.”