Around 100,000 local government employees in Glasgow, Ayrshire, Lanarkshire and Dumbartonshire have invested another slice of their wages into a £50 million offshore wind farm in N. Ireland. This is a result of the Strathclyde Pension Fund – to which all council workers in the West Central Belt belong and which is managed by a handful of officials in Glasgow cooncil – being a major investor with a 20% holding in the Dublin-based NTR investment fund. NTR has now added a further 25 MW to its onshore NTR Wind-1 fund with the acquisition of Castlecraig Wind Farm in Northern Ireland, the third such purchase of pre-construction wind assets by NTR from renewable energy developer RES. Capital costs for the project amount to just over £50 million.
Scottish Energy News 14th Feb 2017 read more »