The Renewables Infrastructure Group in £32m Earlseat Windfarm deal

The Renewables Infrastructure Group Ltd has acquired a Fife windfarm in a £32 million deal.

TRIG said it bought the 16-megawatt-rated Earlseat Windfarm between Leven and Kirkcaldy from a private equity fund managed by InfraRed Capital Partners, its own investment manager.

The purchase price is subject to performance adjustments over 18 months following acquisition.

The windfarm, which features eight turbines, achieved grid connection in the summer.

A 25-year apprenticeship tie-up with Fife College agreed in July will see five young people a year receive on-the-job training at the site.

Chairman Helen Mahy said: “The addition to TRIG’s portfolio of Earlseat Windfarm represents the 10th project acquisition by TRIG since the acquisition of the initial portfolio of 18 projects at IPO.”