First published in Cleantech magazine, June/July 2007. Copyright Cleantech Investor Ltd, 2007
Via its dedicated renewable energy fund, Hg Renewable Power Partners, private equity firm HgCapital has purchased a stake in UK-based wind developer RidgeWind Ltd. Following the acquisition of a majority stake in the company, the firm has committed to provide expansion capital and longterm equity for the company’s wind development pipeline. RidgeWind’s portfolio includes the 16 MW Bagmoor Wind Farm in Lincolnshire, set up as a partnership with Wind Prospect, which will start construction later this year.