Visit for the latest on our upcoming conferences and webcasts



FIM acquires delayed Devon wind project from Iberdrola

UK: Specialist investment advisor FIM Services Ltd has acquired the consented Darracott Moor project in North Devon from Iberdrola, which had not progressed the site since it bought it from West Coast Energy in 2006.

Although Darracott, near Great Torrington, has consent for three 1.3 MW turbines, FIM plans to use three 850 kW machines giving an installed capacity of 2.55 MW. It is currently negotiating with turbine suppliers and balance of plant contractors.

Equity for construction will come from FIM's private clients; Co-operative Bank plc is to provide a 15-year loan. FIM diversified from forestry investments into renewables and already owns operating wind farms in Cumbria, the Western Isles and Powys.

Natural Power Consultants will project manage construction and then operate the wind farm when completed.




Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Sign up now
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Windpower Monthly Events

Latest Jobs