RENEWABLE energy specialist Greencoat UK wind is set to increase its investment in the giant Clyde development in South Lanarkshire by more than £100 million. The investment business has said it intends to exercise its option to increase its holding in the Clyde wind farm to 28.2 per cent from 19.8% for an outlay of £114.2m. Greencoat will buy the interest from Scottish and Southern Energy owner SSE, which developed the wind farm between Biggar and Moffat. The 152 turbine development is one of the largest onshore wind farms in the UK. Greencoat plans to raise around £120m from institutions to fund the latest investment in Clyde, through a placing at 117p per share. The Greater Manchester Pension Fund and London Pension Fund authority will raise their combined holding in Clyde to 21.7%.
Herald 9th May 2018 read more »