Aviva grabs 60MW RES wind
EXCLUSIVE: Insurance giant acquires four English projects
The investments arm of UK insurance giant Aviva has acquired four English wind farms totalling 60.5MW from RES.
Aviva Investors has taken 100% ownership of the operational 18MW Den Brook in Devon, 15MW Jack’s Lane in Norfolk and 10MW Woolley Hill in Cambridgeshire.
The fourth project - the 17.5MW Turncole in Essex - is under construction.
The seven-turbine wind farm featuring Nordex N100 hardware is being commissioned with full operation due by the turn of the year.
Under the terms of the sale, RES will operate and manage the four projects. Financial details were not disclosed.
RES said an unnamed fifth wind farm is being lined up for sale to Aviva.
RES western Europe director Rachel Ruffle said: "RES is delighted to be strengthening our relationship with Aviva with this significant acquisition, which demonstrates the attraction of renewable energy projects in the UK to leading investors in UK energy infrastructure.
“We now look forward to completing the projects currently under construction and managing the wind farms' operations, as part of our ever growing asset management portfolio of onshore wind and solar projects that now stands at 2.2GW globally.”
Image: Den Brook wind farm in Devon (RES)