Reading Time: 2 minutes
BayWa r.e. increases its onshore wind pipeline in the UK with the acquisition of High Constellation Wind Farm in Scotland from Blue Energy.
The proposed ten turbine wind farm is located on the Kintyre peninsula, roughly 20km South of Tarbert and 30km North of Campbeltown, in Scotland. Once installed, it will have a capacity of approximately 50 MW.
Christine McGregor, Head of Commercial at BayWa r.e. UK Limited commented: “We are delighted to add this project to our portfolio in the UK and to continue our successful role in project development in Scotland. Blue Energy has been fantastic to work with, and with them, we are perfectly positioned to take the project into the next development phase.”
Blue Energy will continue to support BayWa r.e. in the development process and ensure an effective handover of the project.
Simon Foy, Commercial Director at Blue Energy, added: “We’re very pleased about this first successful collaboration with BayWa r.e. and look forward to establishing an ongoing relationship with their team. We are currently exploring possibilities for future collaboration on other large-scale wind farms in Scotland.”
Blue Energy were advised by PKF (Andy Thornhill and Richard Harris). Andy Thornhill, Corporate Finance Director at PKF commented: “It has been a pleasure to work with the Blue Energy team on this transaction and I am thrilled that with BayWa r.e. another significant, post subsidy, onshore wind project will be taken forward in Scotland.”
In November this year, Glasgow will host the 26th UN Climate Change Conference of the Parties (COP26), which has already been described by US climate envoy John Kerry as the “last best chance” the world has for tackling the climate crisis.
“BayWa r.e. is fully committed to helping to drive forward the growth of renewables in the UK and Ireland.” added Gordon MacDougall, Managing Director at BayWa r.e. UK Limited “To date, we have developed projects in the UK, with an installed capacity of 685 MW, and manage over 2400 MW of wind and solar capacity. All helping to contribute to the UK government’s commitment to reach net zero carbon emissions by 2050. But we must now see the renewable transition move forward at much greater pace if we are to stand any chance of averting the most catastrophic effects of climate change.”