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.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

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.