FGEN’s wind portfolio contains mature assets with established counterparties. As intermittent generators, we seek to fix a higher proportion of merchant power revenues than for baseload and Renewable Energy Certificates (“ROCs”) earned by the wind farms also provide an attractive RPI-linked revenue stream for investors.
About the portfolio
Assets include operating onshore wind farms in the UK.
Investment attractions
- Government-backed incentives (ROC)
- Index-linked incentives
- Low technology risk
- Readily available input resource
First investment
IPO in 2014
Potential risks
- Merchant electricity prices
- Wind resource risk
- Operational issues
Our wind assets
Wear Point
The Wear Point wind farm, located in Pembrokeshire, South Wales, consists of four No MM82 Senvion Turbines with a total capacity of 8.2MW. The project also comprises associated infrastructure including a substation building and tracks from the access road to the turbines. Takeover of the wind farm occurred in June 2014. Electrical output from the wind farm is sold to Statkraft under a long term PPA.
A 15 year O&M Services agreement is in place with Senvion, while the asset management service is provided by Greensolver.
Bilsthorpe
The Bilsthorpe wind farm, located in Nottinghamshire, consists of five NO MM82 Senvion Turbines with a total capacity of 10.2MW. The project also comprises roads and civil infrastructure, a high voltage system and a substation with an interconnection to the local electricity distribution network. First generation was achieved in March 2013 with completion and takeover in July 2013. Electrical output from the wind farm is sold to Statkraft under a long term PPA. The project has accreditation at one ROC.
A 15 year O&M Services agreement is in place with Senvion SE. The asset management service is provided by REG Power Management.
Burton Wold Extension
The Burton Wold Extension wind farm, located near Burton Latimer in Northamptonshire, consists of nine General Electric 1.6MW-100 turbines with a total capacity of 14.4MW. The project also comprises associated infrastructure including a substation building and access tracks. Takeover of the wind farm occurred in September 2014. Electrical output from the wind farm is sold to Statkraft under a long term PPA. The project has accreditation at 0.9 ROCs.
A 15 year O&M Services agreement is in place with GE Energy (UK) Limited. The asset management service is provided by Greensolver.
Carscreugh
The Carscreugh wind farm, located in Dumfries & Galloway, Scotland, consists of 18 Gamesa G52 Turbines with a total capacity of 15.3MW. The project also comprises associated infrastructure including a substation building and access tracks. Takeover of the windfarm occurred in June 2014. Carscreugh SPV sells the electrical output from the wind farm to Statkraft under a long term PPA. The project has accreditation at 0.9 ROCs.
A 10 year O&M Services agreement is in place with Gamesa Wind UK Limited. The asset management service is provided by REG Power Management.
Castle Pill
The Castle Pill wind farm is located near Milford Haven in South Wales.
Castle Pill (commissioned in October 2009) has a peak capacity of 3.2MW from four turbines (one Nordtank and three EWT). The project has accreditation at one ROC.
Asset management and operations for the site are provided by Greensolver. Electrical output is sold to Statkraft under a long term PPA.
Dungavel
The Dungavel wind farm, located in South Lanarkshire, South West Scotland, consists of 13 2MW v80 Vesta turbines with a total capacity of 26MW. The project also comprises associated infrastructure including a substation building and access tracks. Takeover of the wind farm occurred in October 2015. Electrical output from the wind farm is sold to Statkraft inder a long term PPA. The project has accreditation at 0.9 ROCs.
A 15 year O&M Services agreement is in place with Vestas Celtic Wind Technology Ltd. The asset management service is provided y Wind Prospect Operations UK Ltd.
Ferndale
The Ferndale wind farm is located is located in the Rhonda Valley in South Wales.
Ferndale (commissioned in September 2011) has a peak capacity of 6.4MW from eight Enercon turbines. The project has accreditation at one ROC.
Asset management and operations for the site are provided by Greensolver, and O&M Services are provided by Enercon under a 15 year maintenance agreement. Electrical output is sold to Statkraft under a long term PPA.
Hall Farm
The Hall Farm wind farm, located in Routh, East Yorkshire, consists of 12 No MM82 Senvion Turbines with a total capacity of 24.6MW. The project also comprises roads and civil infrastructure, a high voltage system and a substation with an interconnection to the local electricity distribution network. The project has been fully operational since April 2013. Electrical output from the wind farm is sold to Statkraft under a long term PPA.
A 10 year O&M Services agreement is in place with Senvion SE, while the asset management service is provided by REG Power Management.
Llynfi Afan
Located in Wales near Abergywnfi, the windfarm comprises 12 Gamesa G80 wind turbine generators and a maximum output of 24MW. The project has accreditation at 0.9 ROCs.
Moel Moelogan
The Moel Moelogan wind farm is located across two sites in North Wales, and has a combined capacity of 14.3MW.
The first site consists of two Bonus 1.3 wind turbines with a total capacity of 2.6MW. The second site consists of nine Siemens SWT-1.3 wind turbines with a total capacity of 11.7MW. The project also comprises associated infrastructure including a substation building and tracks from the access road to the turbines.
A 10 year O&M Services agreement is in place with Siemens, while the asset management service is provided by the previous owner.
New Albion
The New Albion wind farm, located near Kettering, Northamptonshire, consists of seven MM92 Senvion turbines with a total capacity of 14.4MW. The project also comprises associated infrastructure including a substation building and access tracks. Takeover of the wind farm occurred in January 2016. Electrical output from the wind farm is sold to Statkraft under a long term PPA. The project has accreditation at 0.9 ROCs.
A 15 year O&M Services agreement is in place with Senvion. The asset management service is provided by Greensolver.
Wear Point
The Wear Point wind farm, located in Pembrokeshire, South Wales, consists of four No MM82 Senvion Turbines with a total capacity of 8.2MW. The project also comprises associated infrastructure including a substation building and tracks from the access road to the turbines. Takeover of the wind farm occurred in June 2014. Electrical output from the wind farm is sold to Statkraft under a long term PPA.
A 15 year O&M Services agreement is in place with Senvion, while the asset management service is provided by Greensolver.
Bilsthorpe
The Bilsthorpe wind farm, located in Nottinghamshire, consists of five NO MM82 Senvion Turbines with a total capacity of 10.2MW. The project also comprises roads and civil infrastructure, a high voltage system and a substation with an interconnection to the local electricity distribution network. First generation was achieved in March 2013 with completion and takeover in July 2013. Electrical output from the wind farm is sold to Statkraft under a long term PPA. The project has accreditation at one ROC.
A 15 year O&M Services agreement is in place with Senvion SE. The asset management service is provided by REG Power Management.
Burton Wold Extension
The Burton Wold Extension wind farm, located near Burton Latimer in Northamptonshire, consists of nine General Electric 1.6MW-100 turbines with a total capacity of 14.4MW. The project also comprises associated infrastructure including a substation building and access tracks. Takeover of the wind farm occurred in September 2014. Electrical output from the wind farm is sold to Statkraft under a long term PPA. The project has accreditation at 0.9 ROCs.
A 15 year O&M Services agreement is in place with GE Energy (UK) Limited. The asset management service is provided by Greensolver.
Carscreugh
The Carscreugh wind farm, located in Dumfries & Galloway, Scotland, consists of 18 Gamesa G52 Turbines with a total capacity of 15.3MW. The project also comprises associated infrastructure including a substation building and access tracks. Takeover of the windfarm occurred in June 2014. Carscreugh SPV sells the electrical output from the wind farm to Statkraft under a long term PPA. The project has accreditation at 0.9 ROCs.
A 10 year O&M Services agreement is in place with Gamesa Wind UK Limited. The asset management service is provided by REG Power Management.
Castle Pill
The Castle Pill wind farm is located near Milford Haven in South Wales.
Castle Pill (commissioned in October 2009) has a peak capacity of 3.2MW from four turbines (one Nordtank and three EWT). The project has accreditation at one ROC.
Asset management and operations for the site are provided by Greensolver. Electrical output is sold to Statkraft under a long term PPA.
Dungavel
The Dungavel wind farm, located in South Lanarkshire, South West Scotland, consists of 13 2MW v80 Vesta turbines with a total capacity of 26MW. The project also comprises associated infrastructure including a substation building and access tracks. Takeover of the wind farm occurred in October 2015. Electrical output from the wind farm is sold to Statkraft inder a long term PPA. The project has accreditation at 0.9 ROCs.
A 15 year O&M Services agreement is in place with Vestas Celtic Wind Technology Ltd. The asset management service is provided y Wind Prospect Operations UK Ltd.
Ferndale
The Ferndale wind farm is located is located in the Rhonda Valley in South Wales.
Ferndale (commissioned in September 2011) has a peak capacity of 6.4MW from eight Enercon turbines. The project has accreditation at one ROC.
Asset management and operations for the site are provided by Greensolver, and O&M Services are provided by Enercon under a 15 year maintenance agreement. Electrical output is sold to Statkraft under a long term PPA.
Hall Farm
The Hall Farm wind farm, located in Routh, East Yorkshire, consists of 12 No MM82 Senvion Turbines with a total capacity of 24.6MW. The project also comprises roads and civil infrastructure, a high voltage system and a substation with an interconnection to the local electricity distribution network. The project has been fully operational since April 2013. Electrical output from the wind farm is sold to Statkraft under a long term PPA.
A 10 year O&M Services agreement is in place with Senvion SE, while the asset management service is provided by REG Power Management.
Llynfi Afan
Located in Wales near Abergywnfi, the windfarm comprises 12 Gamesa G80 wind turbine generators and a maximum output of 24MW. The project has accreditation at 0.9 ROCs.
Moel Moelogan
The Moel Moelogan wind farm is located across two sites in North Wales, and has a combined capacity of 14.3MW.
The first site consists of two Bonus 1.3 wind turbines with a total capacity of 2.6MW. The second site consists of nine Siemens SWT-1.3 wind turbines with a total capacity of 11.7MW. The project also comprises associated infrastructure including a substation building and tracks from the access road to the turbines.
A 10 year O&M Services agreement is in place with Siemens, while the asset management service is provided by the previous owner.
New Albion
The New Albion wind farm, located near Kettering, Northamptonshire, consists of seven MM92 Senvion turbines with a total capacity of 14.4MW. The project also comprises associated infrastructure including a substation building and access tracks. Takeover of the wind farm occurred in January 2016. Electrical output from the wind farm is sold to Statkraft under a long term PPA. The project has accreditation at 0.9 ROCs.
A 15 year O&M Services agreement is in place with Senvion. The asset management service is provided by Greensolver.
Wear Point
The Wear Point wind farm, located in Pembrokeshire, South Wales, consists of four No MM82 Senvion Turbines with a total capacity of 8.2MW. The project also comprises associated infrastructure including a substation building and tracks from the access road to the turbines. Takeover of the wind farm occurred in June 2014. Electrical output from the wind farm is sold to Statkraft under a long term PPA.
A 15 year O&M Services agreement is in place with Senvion, while the asset management service is provided by Greensolver.
Case study spotlight: Dungavel
Dungavel wind farm is a 26MW windfarm located in South Lanarkshire, southwestern Scotland. The site began operations in October 2015 and consists of 13 Vestas, V80 turbines.