SEP’s Environmental Capital Fund acquires Port of Tilbury windfarm
Scottish Equity Partners (SEP) has completed a further clean energy infrastructure investment, funding the acquisition of the 9.2MW onshore wind farm at the Port of Tilbury, from SSE plc. Tilbury is London’s major port, providing fast, modern distribution services to the south east of England. SEP made the investment through its Environmental Capital Fund (ECF) which is targeted at infrastructure projects in the energy sector.
The wind farm comprises four 2.3MW, 80 metre hub height, Siemens SWT turbines which have been operating continually since the windfarm was commissioned in 2013. Together they generate sufficient renewable energy to cover 50% of the electricity demand of the port.
Verena Rathgeber, a Principal in SEP’s infrastructure team said: “Port of Tilbury is a high quality operating windfarm and securing this asset marks a significant milestone for the Environmental Capital Fund towards meeting its objective of owning and operating a platform of high quality wind assets across the UK and Ireland. We are looking forward to working with Siemens and SgurrEnergy to ensure continued and consistent delivery of renewable energy to the Port of Tilbury.”
The wind farm benefits from a long-term Power Purchase Agreement with 100% of the renewable power generated being acquired by the Port of Tilbury Authority.