Terra Firma exits Infinis

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Terra Firma exits Infinis

Terra Firma has announced the completion of the sale of the Infinis Group’s onshore wind assets to institutional investors advised by J.P. Morgan Asset Management.

The Infinis Group’s onshore wind portfolio is one of the largest independently owned operating wind portfolios in the UK. The portfolio has 409 MW generating capacity across 20 sites including a new 66 MW site that became fully operational in February 2017.

This transaction follows the closing of the sale of the Infinis Group’s landfill gas assets to 3i Infrastructure plc in December 2016, and concludes Terra Firma’s sale of all of the Infinis Group’s operating assets.

Terra Firma was advised by Goldman Sachs International and RBC Capital Markets on the sale of the Infinis Group’s onshore wind assets.

Guy Hands, Chairman and Chief Investment Officer of Terra Firma, said:

“Today’s completion enables us to fully realise one of our most successful investments and demonstrates how we can bring unique insight on where value exists.

We developed Infinis from a non-core and largely outsourced unit within a waste management company into one of the UK’s leading independent renewable power generation companies.

Furthermore, this successful exit, achieved in spite of challenging regulatory and market conditions, shows how Terra Firma’s tenacity and creativity delivers exceptional value for our investors.”

 

Matthew LeBlanc, Managing Director, J.P. Morgan Asset Management, said:

“We are delighted to acquire the onshore operational wind interests of the Infinis Group’s UK wind portfolio from Terra Firma. The acquisition continues our investment momentum in renewables, complementing the existing investment base, and increases our renewables energy production capacity to over 3,200 MW. We are excited to partner with the management team and our other renewables businesses to continue to grow a truly pan-European renewables independent power producer.”

List of country news

Country news

  • May 23, 2017

    Vortex platform completes acquisition of TerraForm’s 365 MW UK solar portfolio

    EFG Hermes has announced that Vortex, the European renewable energy platform managed by its private equity division, reached financial close today on its 100% acquisition of a 365 MW portfolio of 24 operational solar assets in the UK from TerraForm Power.

    Read more
  • May 19, 2017

    Enel buys 25 MW UK battery project from Element Power

    Enel has purchased the Tynemouth stand-alone battery energy storage system (BESS) project located in Newcastle, in UK, by acquiring 100% of the shares in Tynemouth Energy Storage Limited from the European based energy developer and operator Element Power.

    Read more
  • May 18, 2017

    Belltown Power closes £47 MM wind refinancing

    Belltown Power has announced that it has concluded the refinancing of Tirgwynt wind farm with senior debt provided by Barclays.

    Read more
  • May 18, 2017

    Dong Energy inaugurates Burbo Bank Extension

    DONG Energy has announced that Burbo Bank Extension offshore wind farm has been inaugurated in Liverpool (UK).

    Read more
  • May 17, 2017

    Octopus closes a £300 million renewable energy fund

    Octopus Investments Limited, the specialist alternatives manager has announced the successful close of the energy fund​ Renewable Energy Income Partnership at c.£300 million.

    Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.