Capital Dynamics buys another Scots wind farm

International asset management firm Capital Dynamics has announced the acquisition of a 100% equity stake in the Sorbie onshore wind project in North Ayrshire, Scotland, from Germany’s Energiekontor AG.

Sorbie is a 13 MW shovel-ready, subsidy-free onshore wind project.

Sorbie represents Capital Dynamics’ second acquisition of 2021 under its partnership with Energiekontor and follows its deal to buy the 50 MW Longhill wind farm in West Lothian in March.

“We are delighted that our multi-discipline collaboration with Energiekontor has yielded a second successful transaction in 2021, and together we look forward to bringing this critical UK infrastructure to fruition,” said Barney Coles, Managing Director, Clean Energy Infrastructure at Capital Dynamics.

“In the year Scotland plays host to the COP 26 UN Climate Change Conference, we are proud to contribute to the region’s pursuit of meeting ambitious net-zero carbon targets and to support the UK’s post-pandemic ‘green recovery’ plan.”

Energiekontor CEO Peter Szabo said: “We have always considered our Scottish pipeline, which we have built up over the last few years, to be of great value.

“With the sale of the Sorbie wind farm project the value has been confirmed a second time.

“We are delighted about the renewed cooperation with such a renowned investor like Capital Dynamics.”

Pinsent Masons LLP acted as legal counsel to Capital Dynamics on the acquisition and DNV GL served as lead technical advisor.