ERG Acquires 73 MW Operational Onshore Wind Portfolio in Northern England
ERG has strengthened its presence in the United Kingdom through the acquisition of a 73 MW portfolio of seven operational onshore wind farms in Northern England from OnPath Energy. The ROC-supported assets enhance ERG’s cash flow and reinforce its strategic focus on core markets.
Transaction date: · Source: erg.eu
Key facts
- Transaction date
- Technology
- Onshore Wind
- Capacity
- 73 MW
- Transaction price
- 113 million (currency as reported in the source)
- Buyer
- ERG
- Seller
- OnPath Energy
- Country
- United Kingdom
- Region
- Northern England
- Location
- Multiple counties in Northern England
- Continent
- Europe
- Development status
- Operational
- PPA
- n.a.
Technology details
Portfolio of seven operational onshore wind farms commissioned between 2011 and 2017. All assets are supported by Renewable Obligation Certificates (ROC) with an average remaining duration of approximately nine years.
Additional information
The acquired portfolio produced 174 GWh in 2024 and generated an EBITDA of approximately GBP 18 million. Expected annual production is around 173.3 GWh, corresponding to approximately 40,000 households and avoiding around 65 kt of CO2 emissions per year. The enterprise value of the transaction is approximately GBP 97 million (around EUR 113 million). The assets offer medium-term repowering potential and strengthen ERG’s strategic positioning in the UK, which becomes the Group’s third-largest market by installed capacity.