Project: Acquisition of a majority stake in the 26MW Wadlow Wind Farm by BIF
Role: Advised Barclays Infrastructure Funds
2011Quayle Munro advises Barclays Infrastructure Funds on the Acquisition of a majority stake in Wadlow Wind Farm
August 2011
Quayle Munro Limited is pleased to announce that it has advised Barclays Infrastructure Funds, on its acquisition and financing of a majority stake in a 26 megawatt wind farm in Cambridgeshire, from RES Group Ltd.
Wadlow Wind Farm project was acquired from RES with senior funding from Lloyds for the acquisition and construction.
RES began constructing Wadlow Wind Farm in June 2011, and full power generation is scheduled for October 2012. The project will comprise 13 turbines of 2 megawatts each, producing enough clean, green energy for around 15,000 homes (29 per cent of the homes in the South Cambridgeshire District).
Rob Cormie, Managing Director, Quayle Munro said:
“Quayle Munro is delighted to have been part of this transaction, Barclays Infrastructure Funds’ first investment in onshore wind, which has enabled them to further enhance their position in the UK renewable sector.”
“Quayle Munro remains actively involved across the renewable sector and this is the latest in a long line of successful transactions delivered by a very experienced and independent team”.
Andy Matthews, Managing Director, Barclays Infrastructure Funds, said:
“This exciting new partnership with RES on Wadlow Wind Farm demonstrates our long term commitment to infrastructure and forms part of our continuing expansion in the renewable energy sector”.
Financial details of the transaction were not disclosed.
