The Irish Infrastructure Fund has acquired a controlling stake in a portfolio of wind farms in the Republic of Ireland and Northern Ireland.

The portfolio, previously wholly owned by the Irish energy firm Viridian Group, consists of 104 megawatt (MW) of capacity generated by 10 wind farms, eight of which are located in the Republic of Ireland.

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The fund will hold a stake of at least 75 per cent across the portfolio of wind farms as a result of the transaction. Viridian's Energia business will retain the minority interest in the portfolio and will continue to manage and operate the wind farms and to offtake substantially all of the electricity generated by them.

(CD)