Resonance Asset Management has purchased four Scottish wind farms for £15.6 million ($19 million) on behalf of its Resonance British Wind Energy Income II (RBEIF II), Renewsbiz reports.
The wind farms — which consist of Newton of Culver, North Balnoon, Rattar and Bonerbo — have a total exporting capacity of 500 kilowatts each. They all use single Enercon turbines and have 15-year operations and maintenance agreements in place.
“These wind farm investments mark an important milestone for Resonance, bringing the total number of wind turbines held by RBEIF II to 35,” noted Nick Wood, founder and CEO of Resonance. “Combined with RBEIF I’s assets, Resonance now has 55 turbines across two investment funds.”
RBEIF II is Resonance’s second onshore wind fund, targeting small-scale operating onshore wind projects in the United Kingdom. The fund simultaneously held a first close at £100 million ($129 million) and made its first two investments in
