Greencoat Wind buys Scottish project for £45m

20th Dec 2018 07:37

(Sharecast News) - Renewable infrastructure fund Greencoat UK Wind on Thursday said it was buying the Douglas West wind farm in Scotland from Blue Energy for £45m.Douglas West is located 7 miles south west of Lanark, Scotland, will have a total capacity of 45MW and will be subsidy free. Construction is expected to start in 2019, with commencement of commercial operations targeted for July 2021.Completion is expected to take place in the first quarter of 2019, subject to the finalisation of construction, operation and maintenance contracts, Greencoat said.Acquisition and construction costs were expected to be funded through reinvestment of Greencoat's excess cash flow.