Octopus Renewables to acquire 50 MW Cumberhead Wind Farm in South Lanarkshire
Date
June 15, 2021
Type
M&A Transactions
Subtype
Transaction agreement announced
Countries
UK (United Kingdom)
Subsectors
Onshore Wind
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Octopus Renewables Infrastructure Trust, part of the Octopus Group, is to acquire 100% of the rights to construct a 50 MW onshore wind farm in South Lanarkshire, Scotland from RDC Partners.
The transaction and the construction of the Cumberhead project will cost an estimated GBP75 million (US$105.8 million).
The 12-turbine wind farm is expected to start operations in the fourth quarter of 2022.
