Ampere Equity Fund Acquires 50% Stake in Scottish Wind Farm

4 August 2011 (Last Updated August 4th, 2011 18:30)

Ampere Equity Fund has acquired a 50% stake in Green Power's Carraig Gheal wind farm project being developed in Scotland. The Carraig Gheal wind farm will be equipped with 20 Siemens SWT-2.3 variable speed wind generators of 2.3MW each. Hanson Quarry Products, a subsidiary o

Ampere Equity Fund has acquired a 50% stake in Green Power's Carraig Gheal wind farm project being developed in Scotland.

The Carraig Gheal wind farm will be equipped with 20 Siemens SWT-2.3 variable speed wind generators of 2.3MW each.

Hanson Quarry Products, a subsidiary of Heidelberg Cement Group will act as the preferred contractor for the civil engineering and foundation works for the wind farm, which is expected to be commissioned in 2012.

Ampere Equity Fund and GreenPower are in talks with two UK banks to secure senior debt financing for the project, which is expected next month.