Encavis fund invests in 23.6 MW wind project in County Donegal

Encavis Asset Management AG (Encavis AM) has successfully advised on the acquisition of an onshore wind farm in Ireland from ABO Wind AG via its subsidiary ABO Wind Ireland Ltd. This marks the inaugural transaction for the EIF IV special fund, which was launched together with BayernInvest Luxembourg S.A. at the end of 2021.

The wind park will have seven turbines in total representing a generation capacity of 23.6 megawatts (MW). Three turbines, each with a capacity of 3.6 MW, have been in operation since 2019. Three similar turbines will connect to the grid in Q1 2022, and the final seventh turbine is expected to be operational by mid-2023. By then, all the seven turbines will be connected to the grid and will provide green electricity to about 24,800 households and save close to 26,400 tonnes of CO₂ annually. 

The turbines are located in County Donegal in the Northwest of the Republic of Ireland. This location benefits from excellent wind resources with average wind speeds of more than 8 metres per second.