Asset management firm Capital Dynamics has bought its second Scottish renewable energy site in as many months from German company Energiekontor AG.

Capital has secured a 100% equity stake in the 13MW Sorbie onshore wind project in North Ayrshire, which is due to start operating in the second half of 2022. Building works are expected to begin in July.

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Last month Capital, which has long targeted green energy assets (it has $6.6bn AUM), acquired the 50MW Longhill Burn Wind Farm, which is situated in West Calder and will also be up and running by the second half of 2022.

Barney Coles, Managing Director at Clean Energy Infrastructure at Capital Dynamics, said: “We are delighted that our multi-discipline collaboration with Energiekontor has yielded a second successful transaction in 2021, and together we look forward to bringing this critical UK infrastructure to fruition.

“In the year Scotland plays host to the COP 26 UN Climate Change Conference, we are proud to contribute to the region’s pursuit of meeting ambitious net-zero carbon targets and to support the UK’s post-pandemic ‘green recovery’ plan.

Peter Szabo, CEO of Energiekontor, added: “We have always considered our Scottish pipeline, which we have built up over the last few years, to be of great value. With the sale of the Sorbie wind farm project the value has been confirmed a second time. We are delighted about the renewed cooperation with such a renowned investor like Capital Dynamics.”

Once operational, the project will benefit from Capital Dynamics’ Clean Energy Infrastructure affiliate platform, Arevon Energy, and Energiekontor’s longstanding operations management experience and optimisation support.

Pinsent Masons LLP acted as legal counsel to Capital Dynamics on the acquisition and DNV GL served as lead technical advisor.