FIFTY EXPANDS ITS PORTFOLIO WITH NEW UK WIND TURBINE PURCHASE
UK on-shore wind turbine investment company Fifty has extended its portfolio with a further acquisition, adding to the initial four sites it purchased in late 2016.
It has successfully completed the purchase of an EWT-500 turbine, located in Burnley, Lancashire.
Fifty is a recently formed investment company backed by a London-based private equity infrastructure fund to acquire small-to-medium on-shore wind turbines owned by individuals, businesses and organisations. Its portfolio will accrue the benefits of an index-linked, Government-backed income for its investors in the form of the Feed-in Tariff paid for wind turbine-generated energy, for up to 20 years.
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