ScottishPower today announced a 15-year power purchase agreement for the entire  output of an Aberdeenshire windfarm owned by Englefield Renewable Energy Fund.

The deal, on a discount to market basis, includes the purchase of environmental benefits from the 12MW wind farm at Dummuies in Huntly.

The windfarm, currently under construction, is expected to be operational by the end of February 2007. Initial development work was completed by Eco2 Ltd, a leading independent renewables development company.

ScottishPower is the largest wind generator in the UK providing enough electricity for 150,000 homes and plans to have around 1000MW of green generation by 2010.

John Campbell, ScottishPower's Director Energy Wholesale, said: "ScottishPower is delighted to have signed this deal which further demonstrates our commitment to tackling the effects of climate change by increasing its capacity of power generated from renewable sources such as the Huntly Windfarm."

Andrew Lee, Partner, Englefield said: "We are pleased to enter into this long term relationship with ScottishPower, providing us with a secure partner to build our portfolio of renewable generation."

Construction and operating equity finance has been provided by Englefield and project bank debt by Bank of Tokyo Mitsubishi UFJ.

 

Further information    

Colin McSeveny                                  0141 636 4515

Simon McMillan                                    0141 566 4875

 

Notes to editors:

ScottishPower is the largest generator of wind power in the UK with a generation capacity of 271MW and a further 185MW under construction.

Englefield Renewable Energy Fund is managed by Englefield Capital LLP, a London based European mid-market private equity investor with a general investment fund of 700 million and a specialist Renewable Energy Fund of 200 million. One of its core focus areas since inception has been renewable energy. Further information on Englefield Capital is available at www.engcap.com