Global asset management firm Capital Dynamics has acquired a 100% stake in the 50MW Longhill onshore wind project in Scotland.
Acquired from Energiekontor, the wind project will feature eight of the advanced Siemens Gamesa wind turbines with a capacity of 6.25MW each.
Located in West Lothian, Scotland, Longhill is expected to be one of the largest subsidy-free onshore wind projects in the UK.
Construction on the project is expected to begin in April 2021.
Once operational, the wind farm is estimated to reduce greenhouse emissions by over 2.6 million metric tonnes during its lifetime.
The generation capacity of the wind project will be able to power over 440,000 homes for a year.
The Longhill onshore wind project is expected to enter into commercial operations in the second half of 2022.
“The acquisition of Longhill wind farm demonstrates our commitment and contribution to the UK’s ‘net-zero’ climate targets, and in so doing we are delighted to have extended our subsidy-free renewable power investments footprint to a fourth European energy market,” said Barney Coles, Director, Clean Energy Infrastructure.
“With this transaction, we are also excited to kick off a broader, multi-discipline collaboration with Energiekontor covering development, optimization and operations activities.”