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UK - HgCapital acquires stake in RidgeWind

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HgCapital has acquired a substantial equity stake in Oxfordshire-based wind developer, RidgeWind Ltd. HgCapitalт€™s investment includes the acquisition of a majority stake in the company, expansion capital and long-term equity for RidgeWindт€™s wind development pipeline. The investment was made by HgCapitalт€™s dedicated renewable energy fund, Hg Renewable Power Partners.

RidgeWind was formed in 2003 to pursue the development of small to medium-sized wind farms in the UK. RidgeWind is developing over 200MW of UK wind projects spread across 12 sites. Its portfolio includes the recently permitted 16MW Bagmoor Wind Farm in Lincolnshire, which is a joint venture with Wind Prospect and which will start construction later this year.
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