Press release

Aberdeen Standard Investments Funds Wind Farm in Scotland

25 Jul 2019

Aberdeen Standard Investments Infrastructure Debt Team has provided over £63m of long-term debt to finance an operational wind farm in south-west Scotland.

The Whiteside Hill Wind Farm in Dumfries and Galloway is owned by investors in funds managed by Capital Dynamics under its Clean Energy Infrastructure investment strategy. Capital Dynamics is one of the largest specialised renewable energy investment managers in the world with 4.7 GW of gross power generation across more than 100 projects.1 The wind farm has an approved export capacity of 27MW and is accredited under the UK Government’s ROC programme. The project will be operated by a subsidiary of the GE group, which also manufactured and installed the turbines.

The investment was financed by three pension and insurance clients of Aberdeen Standard Investments, providing them with a long-term reliable income stream from a clean energy investment.

Alex Campbell, Investment Director at Aberdeen Standard Investments, said:
“We are committed to investing in clean energy projects that contribute to the UK’s renewable energy targets. With a highly experienced sponsor and operator, this investment will also provide our investors with stable and predictable long-term returns, helping them to match their long-term liabilities.”

Aberdeen Standard Investments was advised by Osborne Clark (legal), Lockton (insurance) and Everoze (technical). Capital Dynamics was advised by Burges Salmon (legal). The note issue was arranged by IDCM Limited.

1As of March 31, 2019

Ends

Media enquiries
Andrea Ward
0131 245 0001
andrea.ward@aberdeenstandard.com

Notes to editors

About Aberdeen Standard Investments

  • Aberdeen Standard Investments is a global asset manager dedicated to creating long-term value for our clients, and is a brand of the investment businesses of Aberdeen Asset Management and Standard Life Investments. With over 1,000 investment professionals, we manage £519.4 billion of assets worldwide. We have clients in 80 countries supported by 50 relationship offices. This ensures we are close to our clients and the markets in which we invest. (*as of 31 March 2019)
  • We are high-conviction, long-term investors who believe teamwork and collaboration are the key to delivering repeatable, superior investment performance.
  • Standard Life Aberdeen plc is headquartered in Scotland. It has around 1.2 million shareholders and is listed on the London Stock Exchange.
  • You can access the Aberdeen Standard Investments media centre here: https://www.aberdeenstandard.com/news-and-media

About Capital Dynamics

Capital Dynamics is an independent global asset management firm focusing on private assets including private equity, private credit, clean energy infrastructure and clean energy infrastructure credit. Capital Dynamics offers a diversified range of tailored offerings and customized solutions for a broad, global client base, including corporations, family offices, foundations and endowments, high net worth individuals, pension funds and others. The firm oversees more than USD 16 billion in assets under management and advisement.[3] Capital Dynamics is distinguished by its deep and sustained partnerships with clients, a culture that attracts entrepreneurial thought leaders and a commitment to providing innovative ideas and solutions for its clients.

Founded in 1999 and headquartered in Zug, Switzerland, Capital Dynamics employs approximately 150[3] professionals globally and maintains offices in New York, London, Tokyo, Hong Kong, San Francisco, Munich, Milan, Birmingham, Dubai and Seoul. For more information, please visit: www.capdyn.com

[1] Deloitte, Global Renewable Energy Trends Report 2018
[2] Capital Dynamics, as of March 31, 2019. Includes tax equity assets.
[3] As of March 31, 2019

Important Information

For Professional Investors only
The value of investments, and the income from them, can go down as well as up and you may get back less than the amount invested. Past performance is not a guide to future results. Tax treatment depends on the individual circumstances of each investor and may be subject to change in the future. We recommend that you seek financial advice prior to making an investment decision.

Aberdeen Standard Investments is a brand of the investment businesses of Aberdeen Asset Management and Standard Life Investments.

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United Kingdom issued by Aberdeen Asset Managers Limited. Authorised and regulated by the Financial Conduct Authority in the United Kingdom. Registered Office: 10 Queen’s Terrace, Aberdeen AB10 1XL. Registered in Scotland No. 108419.

Standard Life Investments companies: Standard Life Investments Limited is registered in Scotland (SC123321) at 1 George Street, Edinburgh EH2 2LL. Standard Life Investments Limited is authorised and regulated in the UK by the Financial Conduct Authority.

Contact us

All media queries should be directed to the individuals on this page.

Alvena So

Alvena So

Head of Media Relations, Asia Pacific

Andrea Ward

Andrea Ward

Head of Media Relations, UK and EMEA

Warning
Risk warning – The value of investments and the income from them can go down as well as up and you may get back less than the amount invested. Please refer to the risk factors in the prospectus for general and specific investment risks attached to the individual funds.