The development encompasses a two-turbine site near Oldhamstocks in East Lothian, utilising Enercon E48 turbines with a total installed capacity of 1500kW. The scheme has been operational for just over two years so is sold, benefiting from a strong suite of historic operational data while continuing to offer a lengthy period of Feed-in Tariff (FiT) support. The location, in Scotland's easily accessed central belt, combined with the highly reputable Enercon turbines installed on site, makes for an attractive investment opportunity.
Calum Innes, partner at CKD Galbraith said:
With the compelling returns offered by FiT schemes, this is a rare and highly attractive investment opportunity. Add to this that the development is underpinned by a popular turbine model with a strong O&M offer and this is an ideal scheme for the FiT portfolio operator.
The development has a strong wind resource and would likely be of interest to investors looking to expand a portfolio of FiT qualifying renewable electricity generation assets.
Interest in this transaction can be noted through Jamie Grant.