The Scotsman

SEP signs off Irish wind farm investment

- 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
0 SEP’S Peter Bachmann sees Ireland as key market

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