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Gresham House Plc

Gresham House’s BSIF expands portfolio, buys Wathegar 2 wind farm

Gresham House’s flagship infrastructure and housing investment platform has made its fourth investment in the UK with the acquisition of Wathegar 2 wind farm.

The London-based manager’s £165m British Strategic Investment Fund (BSIF) has bought Wathegar 2 from renewable energy developer BayWa re for an undisclosed sum.

The wind farm has a capacity of 18.45MW comprising nine 2.05MW Senvion turbines.

The transaction is the first renewable energy investment for BSIF and the fourth overall investment for the fund.

Ben Guest, the lead fund manager for BSIF, said: “We are delighted to have completed the acquisition of Wathegar 2, our first renewable energy investment for BSIF.”

The project is near to the Wathegar 1 wind farm which is also managed by Gresham House Asset Management.

“Both wind farms enjoy high capacity factors typical of north east Scotland. We look forward to realising the significant long-term value that we see in this project.”

 

Gresham House plc (LON:GHE) is an AIM quoted specialist asset manager providing funds, direct investments and tailored investment solutions, including co-investment across a range of highly differentiated alternative investment strategies. Our expertise includes strategic public and private equity (private assets), forestry, renewable energy, housing and infrastructure, The Group aims to deliver sustainable financial returns and is committed to building long-term partnerships with clients, (institutions, family offices, high-net-worth individuals, charities and endowments and private individuals) to help them achieve their financial goals.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.