BayWa r.e. has sold its Tralorg wind farm in South Ayrshire to UK pension fund RPMI Railpen (Railpen).
Tralorg is an eight-turbine wind farm 30km south of Ayr, Scotland, with an installed capacity of 18.8MW. The project is expected to be fully operational in the second quarter of 2020.
It is one of the last onshore wind farms to be built under the UK’s onshore wind Contract for Difference (CfD) regime, having secured a 15-year CfD in 2014.
Railpen invests railway pension scheme funds on behalf of members, in projects that generate strong investment returns over the long-term. Lewis Vanstone, deputy portfolio manager of Railpen’s Long-term Income Fund, said: “We are delighted to have acquired Tralorg wind farm. The wind farm’s sustainable, long-dated and asset-backed income characteristics dovetail perfectly with our core investment themes.”
BayWa r.e. has realised over 500MW of wind and solar projects in the UK. The company also started construction of Inverclyde wind farm, one of the UK’s first subsidy-free wind farms, albeit one that was developed before the UK’s support schemes were closed to onshore wind projects. The wind farm will comprise eight 110m Enercon 3MW turbines, with a total installed capacity of 24MW.
Further reading
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Government aims to help drive pension funds towards green investment