Energiekontor hires EY to advise on Welsh wind farm sale – sources

06 Jan 2017 – Energiekontor has hired EY to sell its operational Moel Maelogan onshore wind farm in North Wales, two sources briefed on the situation said.

The sale has now progressed to the second round of bidding, and three companies remain in the process, the first source said.

Energiekontor is now accepting binding bids from these companies, the first source added. The deal is targeted to be finalised by the end of January, the second source said.

The wind farm is relatively old and has a deal value of around GBP 25m, the first source said.

Moel Maelogan was built in two separate phases and comprises two projects on the same site. The first is a 3 MW project, operational since January 2003. The second has an installed capacity of 12 MW, and began operating in October 2008, the second source said. The projects are being sold together, as a single entity, the first source added.

The 3 MW project has subsidies comprising GBP 74.7 per MWh non-fossil fuel obligation (NFFO) tariff until 2018, followed by 1.0 renewables obligation certificate (ROC) per MWh until 2023; operations costs of GBP 120,000 per year; and a land lease expiry date of 2027, the second source said.

The second project has 1.0 ROC per MWh until 2028, annual operations costs of GBP 690,000, and a land lease expiry date of 2038, the source added.

Energiekontor and EY did not respond to requests for comment.

By Katie McQue

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