Hermes in for 144MW Fallago Rig

Construction at Fallago Rig, which began operations earlier this year

Construction at Fallago Rig, which began operations earlier this year

Investment group Hermes GPE will take a majority stake in the 144MW Fallago Rig wind farm in Scotland.

Funds managed by Hermes GPE Infrastructure agreed to buy the stake from French group  EDF, which will retain an equity interest in the plant and continue to manage it via its EDF Energy Renewables unit.

Fallago Rig, located in the Scottish Borders region, uses 48 Vestas turbines and is the UK’s fifth-largest onshore wind farm, said Hermes GPE. It started full operations in April this year.

The plant has a long-term power purchase agreement in place with utility EDF Energy.

The value of the transaction was not disclosed.

Peter Hofbauer, head of infrastructure at Hermes GPE, said: “The renewable Log in to read complete article.

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