New Windfarm in NE Scotland

ScottishPower has announced a 15-year power purchase agreement for the entire output of an Aberdeenshire windfarm owned by Englefield Renewable Energy Fund. The deal, on a discount to market basis, includes the purchase of environmental benefits from the 12MW wind farm at Dummuies in Huntly.

The windfarm, currently under construction, is expected to be operational by the end of February 2007. Initial development work was completed by Eco2 Ltd, a leading independent renewables development company.

ScottishPower is the largest wind generator in the UK providing enough electricity for 150,000 homes and plans to have around 1000MW of green generation by 2010.

John Campbell, ScottishPower's Director Energy Wholesale, said: "ScottishPower is delighted to have signed this deal which further demonstrates our commitment to tackling the effects of climate change by increasing its capacity of power generated from renewable sources such as the Huntly Windfarm.”

Andrew Lee, Partner, Englefield said: “We are pleased to enter into this long term relationship with ScottishPower, providing us with a secure partner to build our portfolio of renewable generation.” Construction and operating equity finance has been provided by Englefield and project bank debt by Bank of Tokyo Mitsubishi UFJ.