Bahrain-based investment firm Arcapita Bank has sold its one-third stake in wind farm portfolio Zephyr Investments for £145m.
The stake was divided equally between Infracapital Partners and a subsidiary of an unnamed investment company advised by JPMorgan Asset Management.
Zephyr has a portfolio of 17 wind farms in the UK with a combined capacity of 391MW. This represents 20 per cent of the installed wind power capacity in the UK.
Arcapita, which reported an income of $285.7m for the 18 months ending June 30, had held its stake in Zephyr since 2004.
First seven members join NG’s Great Grid Partnership
So in addition to (as seems likely) Great British Energy & Great British Railways we also have the Great Grid Upgrade To me, this rather … grates?