ERG acquired Creag Riabhach wind farm in UK Highlands
Through its subsidiary, ERG has finalised the acquisition of the 100% equity interest in the 79 MW Creag Riabhach Wind Farm located in Scotland.
Construction works of the wind farm are scheduled to commence during 2020 and the facility is expected to come into operation, following completion of the connection to the national grid, by the end of March 2022.
The total estimated investment for construction of the wind farm is approximately €98 million, which already includes the amount paid to purchase the equity stake.
Creag Riabhach Wind Farm is located along the western side of the Strath Vagastie valley to the west of the A836, around 20km north of Lairg and around 6km south of Altnaharra. The project involves the installation of 22 wind turbines, each of up to 3.3 MW. The proposed development will have an operational life of 25 years.
When fully operational, around 250 GWh will be produced annually, corresponding to more than 3,000 equivalent hours and approximately 147 kt of avoided CO2 emissions.
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