Scottish Equity Partners sells onshore wind farm portfolio

16 April 2019 (Last Updated April 16th, 2019 12:22)

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 sells onshore wind farm portfolio
Scottish Equity Partners has sold its portfolio to Pensions Infrastructure Platform for £50m. Credit: Camila Fernández León on Unsplash.

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

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.