Capital Dynamics Acquires 68 MW Wind Portfolio in Northern Ireland

Capital Dynamics CEI has reached an agreement to acquire 100% of the equity in a portfolio of 4 operating wind projects totaling 68 MW in Northern Ireland

Capital Dynamics, an independent global private asset management firm, has announced that its European Clean Energy Infrastructure (CEI) business has reached an agreement to acquire 100 percent of the equity in a portfolio of four operating wind projects in Northern Ireland totaling 68 megawatts (MW) of generation capacity from Brookfield Renewable Partners, operator of a global publicly-traded renewable power platform.

The Portfolio is incentivised 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.

Barney Coles, principal, Clean Energy Infrastructure team, said the landmark transaction illustrated the CEI’s ongoing commitment to Northern Ireland’s decarbonisation program and that they are delighted to pursue these objectives in collaboration with Brookfield.

“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 subsidised and unsubsidised 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 specialised renewable energy investment managers in the world with 5.4 GW of gross power generation across more than 100 projects.

Earlier this month, the company announced that CEI had acquired the Townsite Solar Project, a 180 MW/ 231 MWdc solar project located in Boulder City, Nevada, through the acquisition of Skylar Townsite LLC.