Triodos Buys Half of U.K. Wind Farm, Seeks to Boost Capacity 20%

Triodos Renewables Plc, an arm of Netherlands-based Triodos Bank NV, purchased a stake in a wind farm in southeast England and said it’s seeking to increase its power generating capacity by a further 20 percent this year.

The unit and the bank’s Renewables Europe Fund bought 49.8 percent of the 10-megawatt facility in Cambridge, Zeist-based Triodos said today in an e-mailed statement. The farm produces enough electricity to supply power to about 5,720 homes.

Triodos plans to raise capacity by a fifth later this year, on top of 20 percent growth from today’s deal and commissioning of a wind farm earlier this month, according to the statement.

To contact the reporter on this story: Louise Downing in London at ldowning4@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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