The Renewables Infrastructure Group (TRIG) has completed the acquisition of the 22.55MW Freasdail wind farm in Argyll & Bute in Scotland from the company’s operations manager Renewable Energy Systems (RES).
The deal concluded under the company’s right-of-first-offer agreement with RES for a total consideration of £18.5m including project completion costs.
TRIG said the project is in an advanced stage of construction and is expected to be commissioned in the first quarter of 2017.
The wind farm will comprise 11 Senvion MM82 2.05MW turbines.
It will be accredited under the UK’s 20-year 0.9 Renewables Obligation Certificate per MWh support regime.
RES has been retained by TRIG to complete the final stages of building and commissioning the project.
Freasdail has a 15-year power purchase agreement including a floor price with Vattenfall Energy Trading.
Long-term finance for the project has been provided by KfW Ipex-Bank, fully amortising over 15 years.
The deal increases TRIG’s portfolio net generating capacity 708MW.
Image: Senvion
