Reuters
Infrastructure fund Greencoat UK Wind PLC has agreed to buy the South Kyle wind farm in Scotland from developer Vattenfall for 320 million pounds ($397.66 million) once the farm begins operating in 2023, the companies said on Monday. Swedish state-owned Vattenfall on Wednesday took the final investment decision to build the project, which it will construct and manage for a minimum of ten years. The project is subsidy free and once it begins producing power, and is acquired by Greencoat UK Wind, the power will be sold to Vattenfall’s energy trading arm for at least 15 years under a power purchase agreement.