Energiekontor AG has entered into an agreement with Capital Dynamics, an independent global private asset management firm, for the sale of a 32 MW wind project in Scotland, UK.
The Pines Burn is a 34 MW shovel-ready, subsidy-free onshore wind farm located in the Scottish Borders, Scotland, and is expected to reach commercial operations in the second half of 2023.
Once operational, the project is estimated to reduce greenhouse emissions by 0.5 million metric tons during its lifetime and generate the equivalent electricity consumption of over 23,200 average U.K. households per year.