The wind-farm development at Curraghderrig in Ireland
VENTURE capital group Scottish Equity Partners (SEP) has provided finance to fund a €8.7 million (£7.6m) wind farm in Ireland.
The project at Curraghderrig, in Kerry on the south west coast, has been developed by Rengen Power. Two 64m turbines will generate enough renewable energy to power more than 3,100 homes.
Irish utility company Vayu has entered a purchase agreement to acquire all the electricity produced at Curraghderrig.
Peter Bachmann, a director in SEP’s infrastructure team, said: “Ireland is a key market for the development of new wind assets.”
Rengen CEO, Eugene Keane, said: “This is an important milestone in our developing relationship with the infrastructure team at Scottish Equity Partners.”
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