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Infinis acquires 18.5MW wind farm project

23 June 2015 08:44

Infinis Energy has acquired an 18.5MW consented onshore wind farm project from Peel Group.

The wind farm is sited on former surface mining land in Northumberland and neighbours the 8MW consented Sisters Wind Farm project developed by Infinis.

Both projects are at an advanced stage of pre-construction and will enable Infinis to secure grid connection, turbine procurement and further ongoing operational synergies.

Infinis anticipates funding both projects with project finance whilst the consideration will be paid from available funds. Grid energisation for both projects is expected in June 2016.

Both projects are fully consented, with a signed connection agreement in place and have entered into their leases. Consequently, both will qualify for the RO, complying with the grace period conditions announced last week by the Government applicable to new projects which become operational after 31 March 2016. Construction works on both projects are scheduled to commence in July.

At 8:44am: (LON:INFI) Infinis PLC share price was +1.38p at 198.38p

Story provided by StockMarketWire.com

Related Company: INFI

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