A global asset manager has acquired a 100% equity stake in the Sorbie onshore windfarm in North Ayrshire.
Capital Dynamics bought the 13 MW onshore, subsidy-free wind project from Energiekontor Sorbie.
The project is ready to be constructed and represents Capital Dynamics’ second acquisition of 2021 under its partnership with Energiekontor, following the 50 MW Longhill windfarm in March.
Sorbie is estimated to reduce greenhouse emissions by more than 0.7 million metric tons during its lifetime - the equivalent of emissions produced by over 150,000 passenger vehicles driven for a year.
The project will commence construction in July and is expected to achieve commercial operation in the second half of 2022.
Capital Dynamics will deploy it clean energy infrastructure affiliate platform, Arevon Energy, with support from Energiekontor's long-standing operations management, once operational.
Barney Coles, managing director for clean energy infrastructure at Capital Dynamics, said: “We are proud to contribute to the region’s pursuit of meeting ambitious net-zero carbon targets and to support the UK’s post-pandemic green recovery plan.”
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