UK’s First Subsidy-Free Wind Farm Sold

Wind Industry Profile of

BayWa r.e. has reached a milestone for itself and the UK renewable energy sector with the completion and sale of the country’s first subsidy-free windfarm to James Jones & Sons Ltd and London-based specialist asset manager, Gresham House Asset Management.

Located in Inverclyde, south of Greenock and west of Port Glasgow, the site consists of eight wind turbines and has a total capacity of 24 MW. The clean energy produced will displace more than 18,000 tonnes of CO2 emissions annually. The Inverclyde Windfarm also marks BayWa r.e.’s first subsidy-free corporate Power Purchase Agreement (PPA) for a windfarm in the UK. Earlier this year, Tesco Stores Ltd signed a 15-year PPA as the off-taker – contributing to the retailer’s commitment... ... More: Official Press Release BayWa r.e. UK

Keywords:

BayWa r.e., UK, subsidy-free, wind farm, sale, James Jones & Sons, Gresham House Asset Management, onshore, completion, CO2, emissions, PPA