DIF Capital Partners has agreed to sell the Wadlow wind farm project in the United Kingdom to the Transport for London (TfL) Pension Fund. Financial terms were not disclosed.
Located close to Cambridge, the onshore wind farm project has an installed capacity of 26 megawatts and consists of 13 Vestas V90 2-megawatt turbines. The wind farm has been operational since September 2012 and was acquired by DIF IV in 2016.
The divestment will be made via the DIF Infrastructure IV (DIF IV), which completed its final closing in 2015 with €1.15 billion ($1.2 billion) of capital. DIF IV has made 29 investments including both greenfield and operational assets around Europe, North America and Australia. It is now fully focused on management and optimization.
“We are very pleased with the successful exit of this project,” said Andrew Freeman, partner and head of exits at DIF Capital Partners. “Our proactive approach to divestments helps to deliver attractive risk-adjust