Augusta secures Asian strategic for major UK renewables portfolio

Augusta & Co is delighted to have acted as exclusive financial adviser to Capital Dynamics in the sale of 100% share capital in a 97.3MW portfolio of operating UK onshore wind farms to Vantage RE, the wholly-owned subsidiary of Malaysian utility Tenaga Nasional Berhad.

The portfolio is widely distributed across the UK and benefits from long-term contracted revenues backed by the UK Feed-in Tariff and Renewable Obligation Certificate subsidy regimes.

Dario Bertagna, Managing Director at Capital Dynamics, said: “Augusta has managed a complex process and offered a highly professional service throughout. We thank them for the quality of their advice and support during this process.”

Charlie Hodges, Partner at Augusta & Co, commented: “After several years, we are seeing a welcome uptick in non-Sterling investors looking to deploy capital in the U.K. and there is a clear and growing premium assigned to index-linked cash flows. Tenaga has an expanding strategic mandate in the U.K. and we congratulate all parties on the conclusion of this sale.

The U.K. continues to be a core growth market for Augusta’s advisory business and we have a large pipeline of primary and secondary investment opportunities across all our sectors that we will be launching in 2022.”

Charlie Hodges