Capital Dynamics’ European Clean Energy Infrastructure (CEI) business has agreed to acquire 100 percent of the equity in a portfolio of four operating wind projects with 68 megawatts of generation capacity from Brookfield Renewable Partners.
The portfolio is incentivized under the Northern Ireland Renewables Obligation — the government’s main support mechanism to encourage increased renewable electricity generation.
With this acquisition, Capital Dynamics will become one of the largest independent operators of wind power in Northern Ireland. Brookfield will continue to provide operational support for the portfolio under a long-term services arrangement, and the four projects will contribute funding for use by local communities.
“This landmark transaction illustrates our ongoing commitment to Northern Ireland’s decarbonization program, and we are delighted to pursue our objectives in collaboration with Brookfield,” said Barney Coles, principal of Capital Dynamics’ clean energy infrastructure team. “The United Kingdom continues to be one of the world’s most attractive markets for renewable energy investments, and we look forward to increasing our geographical presence, both in the subsidized and unsubsidized renewables sectors, in the near future.”
“This is a significant milestone acquisition for our Clean Energy Infrastructure team and positions us as one of the largest buyers of renewable energy projects in Europe,” said Simon Eaves, managing director and head of Capital Dynamics' European Clean Energy Infrastructure team. “This strongly supports our mission of investing in high-quality clean energy assets within our proprietary Responsible Investing scoring framework, R-Eye™.”
The Capital Dynamics CEI team is one of the largest specialized renewable energy investment managers in the world with 5.4 gigawatts of gross power generation across more than 100 projects.