Capital Dynamics secures £48.5m funding for Scottish onshore wind projects

Capital Dynamics has obtained £48.5 million ($61.4 million) in funding for its first Scottish onshore wind projects, totaling 193 MW in capacity. 

The funding, directed to Capital Dynamics’ Clean Energy UK Fund, was provided by Border to Coast Pensions Partnership, the UK’s largest Local Government Pension Scheme pool. 

This investment marks Border to Coast’s initial venture in its UK Opportunities portfolio, focused on financing essential infrastructure to support the UK’s renewable energy goals.

Capital Dynamics’ Clean Energy UK Fund targets renewable investments in onshore wind and solar power, establishing long-term, fixed-price power purchase agreements for each project. 

Border to Coast CIO Joe McDonnell highlighted the venture’s alignment with net-zero ambitions and infrastructure development. Barney Coles, co-head of Clean Energy at Capital Dynamics, expressed appreciation for Border to Coast’s commitment to the fund, which advances the UK’s transition to clean energy while delivering risk-adjusted returns and local benefits.