
Connection backs Scottish wind farms
Connection Capital and Riverside are raising £5.5m for a Scottish wind farm project managed by Burcote Wind Ltd.
The investment coincides with the Scottish government's recent target to achieve 100% of the country's energy supply from renewable sources by 2020.
Connection Capital operates on a deal-by-deal basis.
Previous funding
In May 2009, investors backed Burcote as part of a £3.9m funding round for the company. In 2011, further capital commitments totalling £5.1m were committed to the firm by an investor consortium.
Company
Burcote is a wind farm developer based in Dunfermline, Scotland, with operations across the UK. Its latest project involves the construction of five wind farms across Scotland, delivering 600MW of electricity. Four out of five sites have already been identified.
People
Claire Madden is a partner at Connection Capital and worked on the deal. Graham Brown is chairman of Burcote.
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