Oakdale and Standford Hill sold
Shareholders in Partnerships for Renewables have recently completed the sale of two of its wind farms to Resonance British Wind Energy Income.
Standford Hill on the Isle of Sheppey in Kent and Oakdale in Caerphilly, both two turbine developments with a combined generation of 8.6MW, moved into new ownership on 1 February 2016.
Resonance British Wind Energy Income’s Nick Wood said: “These assets are a natural fit for our fund, which invests in operating onshore UK wind farms. They provide access to long-term, inflation linked cash flows that our investors are looking for.”
OPTrust managing director Morgan McCormick said: “This transaction illustrates the success of Partnerships for Renewables’ strategy to develop attractive and high quality onshore wind projects across the UK in close partnership with its public sector land owners.”
James Hall-Smith on behalf of InfraRed added, “The sale of these projects is consistent with our environmental infrastructure fund’s strategy of selling assets once they are operational and substantially de-risked.”
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