Fifty Renewable Energy powers ahead with third tranche of acquisitions into small wind fund – advised by EY
The private funding structure behind Fifty provides investors with a fully serviced investment, from asset origination, acquisition execution and ongoing asset management.
Fifty have completed the purchase of two turbines, adding to their existing portfolio of five turbines.
One of the founders of Fifty, commented, “Closing the third tranche of acquisitions in the small wind sector demonstrates the innovative financing and servicing concept behind our business. Fifty prides itself on dealing with asset owners in a straightforward and transparent manner and this is helping us build a robust pipeline of future opportunities.”
Ben Warren, EY Global Power & Utilities Corporate Finance Leader, and advisor to the Fifty investment platform, added, “We have helped the team at Fifty turn an innovative financing solution into a reality. The small scale wind sector represents a significant investment opportunity for investors looking for lower risk, yield bearing returns. Fifty is seeking to provide those investors with an efficient and effective conduit to owning and managing this class of assets.”
“Our short term focus remains on the small wind sector in the UK, but we're convinced our model of providing a low cost and fully serviced route to market for investors can be successful across the entire renewable energy sector.”