InfraRed Environmental Infrastructure Fund (the “Fund”) is pleased to announce that it has completed the sale of its 50% interest in Twin Rivers Wind Farm in December 2016 to NTR, the Irish infrastructure investor on behalf of its NTR Wind 1 Fund. The sale process was concluded simultaneously with the end of construction of the project.
Twin Rivers Wind Farm is a 28.7MW, 14 turbine wind farm located in the East Riding of Yorkshire, England, owned by the Fund alongside The Co-operative Group (who is also disposing of its 50% interest to NTR).
The Fund has now successfully developed and exited c. 180MW of wind farms that provide enough power for more than 100,000 homes.
James Hall-Smith of InfraRed Capital Partners said:
“The sale of Twin Rivers to NTR is an important milestone for InfraRed and our partners, the Co-Op, and is a further evidence of the success of our value-add approach in developing greenfield renewable energy projects.”
