EDF Wind is a portfolio of 24 wind farms in the UK with a total capacity of c.562.5MW, producing enough electricity to power over 430,000 homes.
- Energy
EDF Wind
- Dalmore Capital Fund 3
Case study overview
The portfolio comprises 22 operating onshore Renewable Obligations Certificates (“ROC”) accredited wind farms with total capacity of 323MW, an operating near-shore ROC accredited wind farm with a capacity of 62MW at Teesside; and an onshore wind farm at Dorenell with a capacity of 177MW. Revenue support for Dorenell is provided under a Contract for Difference (“CfD”) mechanism. The wind farms are geographically diversified across the UK covering the Scottish Borders, Wales, Cumbria and Durham. All wind farms use high-quality wind turbines provided by some of the world’s leading manufacturers, including Vestas, Senvion, General Electric, Siemens, Nordex and Enercon. EDF Renewables provide asset management and Operations & Maintenance services.
Sector
EnergyFund
Dalmore Capital Fund 3, Co-InvestmentsFirst Investment date
July 2018Shareholding
36.8%
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Investment strategy
How we invest
For the past 14 years Dalmore has focused on investing in infrastructure that provides services critical to the functioning of society.
Through disciplined selection Dalmore funds have invested in lower volatility assets without significant exposure to GDP, traffic, usage or market price risk. Geographically Dalmore’s focus remains the UK, although we also manage assets in Europe and North America.
Looking forward, the UK mid-market core and core-plus segment continues to be our main focus, which we believe offers opportunities where disciplined underwriting, a thorough analysis of market exposure and local market expertise may support attractive risk-adjusted returns.