Blue Energy buys UK's RidgeWind

RidgeWind's Hall Farm wind plant

RidgeWind's Hall Farm wind plant is due on line next week

Renewables specialist Blue Energy has bought UK developer RidgeWind and its 177MW wind portfolio from private equity group HgCapital.

Blue Energy says it will spend £250m ($396m) acquiring RidgeWind and investing in its portfolio, made up of 45MW at late-stage construction, 132MW with planning consents, plus “a significant development pipeline”.

Hall Farm, a 24.6MW wind farm in northern England, is due to come on line next week.

Cheshire, England-based Blue Energy says the acquisition marks a “step-change" in its onshore wind ambitions.

The company recently unveiled plans to develop a 155MW PV plant in Ghana.

The RidgeWind acquisition was funded by Blue Energy’s shareholders, with backing from bank Santander.

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