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April 16, 2019

Scottish Equity Partners sells onshore wind farm portfolio

Scottish Equity Partners (SEP) has divested its onshore wind farms portfolio to Pensions Infrastructure Platform (PiP) in a deal valued at £50m ($65m).

Scottish Equity Partners (SEP) has divested its onshore wind farms portfolio to Pensions Infrastructure Platform (PiP) in a deal valued at $65m (£50m).

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Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
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The SEP portfolio includes 64 wind turbines at five wind farms that are spread across the UK and Ireland. It also includes single-turbine sites in the Orkney and Shetland Islands, as well as utility-scale turbines in Curraghderrig, Ireland and the Port of Tilbury in London.

The company said that all the wind farms secured investments from SEP managed specialist infrastructure fund, Environmental Capital Fund (ECF).

“We believe this is the appropriate time for our fund to exit and we wish PiP success in the future.”

SEP technology infrastructure team director Peter Bachmann said: “We are pleased to conclude this sale to PiP. Over the last four years, we have added significant value to the portfolio through active management and a hands-on approach.

“We believe this is the appropriate time for our fund to exit and we wish PiP success in the future.”

The portfolio has been acquired by PiP’s Multi-Strategy Infrastructure Fund and will add to PiP’s existing wind assets Aura and Blyth.

Furthermore, SEP agreed to sell its independent gas transportation network in the UK, Indigo Pipelines, to independent infrastructure asset manager Arjun Infrastructure Partners in November last year.

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Free Report
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Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

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