Scottish Equity Partners invests in Irish wind farm


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The investment firm has provided project finance to back the construction of the 4.6 megawatt (MW) Curraghderrig wind farm, which is valued at some €8.7 million (£7.6m).
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Hide AdSEP has made the investment through its Environmental Capital Fund (ECF), which is targeted at infrastructure projects in the energy sector.
Curraghderrig is located on the south-west coast of Kerry, near the village of Asdee, and will operate two 2.3MW turbines, each with a height of 64 metres. They are due to be operational by September and will power more than 3,100 homes.
Peter Bachmann, a director in SEP’s infrastructure team, said: “Ireland is a key market for the development of new wind assets.
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Hide Ad“The transaction represents ECF’s first investment in Ireland and the start of a development partnership with Rengen designed to grow ECF’s portfolio of high-performing wind assets across both Ireland and the UK.
“At Curraghderrig we will have market-leading wind turbines in a proven high-wind location.”
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Rengen Power boss Eugene Keane added: “This is an important milestone in our developing relationship with the infrastructure team at Scottish Equity Partners.
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Hide Ad“Rengen Power is now actively pursuing other greenfield and development opportunities across Ireland. We are excited about the potential of these opportunities.”