Capital Dynamics agrees to acquire 50% stake in 28.5 MW wind project in Scotland

Capital Dynamics, has announced that its Clean Energy Infrastructure (CEI) business has signed a definitive agreement to acquire a 50% equity stake in Whiteside Hill Wind Farm from GE Energy Financial Services, a unit of GE Capital. Financial terms of the transaction were not disclosed.

Whiteside Hill, located in Dumfries and Galloway, Scotland, consists of ten GE 2.85 turbines with a total installed capacity of 28.5 MW. It has been operational since March 2018 and is expected to be accredited under the UK Renewables Obligation scheme, entitling it to receive 0.9 Renewables Obligation Certificates (ROCs) for each Megawatt hour (MWh) of electricity it produces until 2037.

Asset management services for Whiteside Hill will be provided by CD Arevon UK, an affiliate of Capital Dynamics, specializing in asset and project management. The firm already manages Capital Dynamics’ UK wind and solar portfolio.