SEP signs off Ir­ish wind farm in­vest­ment

The Scotsman - - Perspective / Letters To The Editor - By SCOTT REID

Scot­tish Eq­uity Part­ners has com­pleted an in­vest­ment into a multi-mil­lion euro Ir­ish wind farm de­vel­op­ment.

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).

SEP 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 Ire­land in 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.

“The trans­ac­tion rep­re­sents ECF’S first in­vest­ment in Ire­land and the start of a de­vel­op­ment­part­ner­ship with r en gen 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.”

Ren­gen Power boss Eu­gene Keane, added: “This is an im­por­tant mile­stone in our de­vel­op­ing re­la­tion­ship with the in­fra­struc­ture team at Scot­tish Eq­uity Part­ners.

“Ren­gen Power is now ac­tively pur­su­ing other green­field and de­vel­op­ment op­por­tu­ni­ties across Ire­land. We are ex­cited about the po­ten­tial of these op­por­tu­ni­ties.”

0 SEP’S Peter Bach­mann sees Ire­land as key mar­ket

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