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Aberdeen Standard Investments provides £63m to finance Scottish wind farm

News Team, 30/07/2019

Aberdeen Standard Investments Infrastructure Debt team has provided over £63m of long-term debt to finance Whiteside Hill Wind Farm in Dumfries and Galloway.

The investment was financed by three pension and insurance clients of Aberdeen Standard Investments, with the aim of providing a long-term reliable income stream from a clean energy investment.

It is an operational wind farm in south-west Scotland, owned by fund investors managed by Capital Dynamics under its Clean Energy Infrastructure investment strategy. It has an approved export capacity of 27MW. It is accredited under the UK Government’s ROC programme, and the project will be operated by a subsidiary of the GE group, which also manufactured and installed the turbines.

Alex Campbell, investment director at Aberdeen Standard Investments, argued that the provision of funds affirms the asset manager’s commitment to renewable projects.

He said: “We are committed to investing in clean energy projects that contribute to the UK’s renewable energy targets. With a highly experienced sponsor and operator, this investment will also provide our investors with stable and predictable long-term returns, helping them to match their long-term liabilities.”

Capital Dynamics is a specialised renewable energy investment manager with 4.7 GW of gross power generation across more than 100 projects. Meanwhile, Aberdeen Standard Investments is a global asset manager and a brand of the investment businesses of Aberdeen Asset Management and Standard Life Investments. It has over 1,000 investment professionals, and manages £519.4 billion of assets worldwide.

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