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UK: Acquisition of Standford Hill and Oakdale wind farms

InfraRed Capital Partners and OPTrust have completed the sale of two FiT-accredited operational wind farms, Standford Hill and Oakdale, to Resonance British Wind Energy Income Limited, a Guernsey based closed-ended investment company.

JLL’s Renewable Energy Capital team acted as lead advisor to InfraRed Capital Partners and OPTrust, on the disposal of two jointly owned operational onshore wind projects, both located in the UK and totalling almost 10MW in capacity.

Standford Hill is a two-turbine, 4.6MW development at HMP Standford Hill on the Isle of Sheppey in Kent and has been operational since 2013. Oakdale is a two-turbine, 4MW development at Oakdale Business Park in Caerphilly, Wales and has been operational since 2014.

Nick Wood added, “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. ”

“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,” said Morgan McCormick, Managing Director, OPTrust.

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.”

Christopher Shead, Director in JLL’s Renewable Energy Capital team, added “the sale of these projects demonstrates the attractiveness of the Feed-in-Tariff as a long-term investment class”

This acquisition brings the total number of wind projects held by Resonance British Wind Energy Income Limited to nine, totalling 43.3MW of installed capacity


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