£35m wind farm is completed and sold

The new £35m wind farm in the hills above Greenock has been hailed as a UK-first after being completed and sold off by the developers.

Global renewable energy company, BayWa r.e. says ‘a milestone’ has been reached in Britain’s renewable energy sector with the completion and sale of what is the country’s first subsidy-free wind farm.

Eight huge wind turbines standing 110m tall have been planted in the area around Corlic Hill and the 24 MW wind farm will displace more than 18,000 tonnes of CO2 emissions annually, with the power generated from the site being bought by supermarket giants Tesco.

The wind farm has now been snapped up sawmill firm James Jones & Sons Ltd in a joint deal with London-based specialist asset manager, Gresham House Asset Management.

Gresham House plc (LON:GHE) is a London Stock Exchange quoted specialist alternative asset manager offering funds, direct investment and tailored investment solutions, including co-investment, in public equity, private assets, forestry, new energy and housing.

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