Burton Wold Wind Farm South shareholders Muirhall Energy, WWS Renewables and Infinergy have sold the 8.25MW wind farm to renewable energy investors Octopus Renewables.
The wind farm comprises three GE turbines measuring 135.5m to blade tip and is situated near Burton Latimer in Northamptonshire. It was developed by Infinergy, who obtained unanimous planning permission from Kettering Borough Council in March 2015. Consortium partners Muirhall Energy and WWS Renewables came on board in 2016, enabling the project through construction and operation.
Chris Walker, Managing Director of Muirhall Energy said:
“Building a relationship with Octopus Renewables to achieve the asset sale has been a positive experience. With over 300MW of consented sites to build out over the next 24 months, and more than 1GW in development, Muirhall Energy and WWS Renewables have an exciting time ahead. The funds achieved by this sale will help us realise those renewable energy opportunities and to meet the green energy targets set by the Westminster Government.”
Infinergy director Tjiwolt Wierda said:
“We are delighted to have achieved this deal with such renowned renewable energy investors which is testament to the hard work our combined teams have put in to deliver a high-quality renewable energy asset. Burton Wold Wind Farm South is at the beginning of its operational life and will generate zero-carbon electricity for many years to come, contributing to the world-wide transition to renewable sources of energy.”
Infinergy recently applied for an extension of the wind farms operational life, which would see the project continuing operations for an additional 10 years, which currently stands at 25 years.
Peter Dias, Investment Director at Octopus Renewables, said:
“It has been a great experience working on this deal alongside developers and investors that share our passion for driving the energy transition through investment in renewable energy assets. This acquisition adds to our ever-expanding onshore wind portfolio that has seen us become a market leader in the technology.”
A Community Benefit Fund of £41,250 per annum (index linked) is in place with the Northamptonshire Community Foundation, which funds local projects and initiatives in Burton Latimer, the hosting town, for the life of the project.