CONSTANTINE WIND ENERGY
Set up in 2012, Constantine Wind Energy develops, installs and owns a portfolio of mid-sized wind turbines at onshore sites leased from landowners and farmers across the United Kingdom. The company is based in Godalming and Glasgow. By mid-2021, CWE will have a portfolio of 190 turbines with a capacity ranging from 80 kW to 500 kW on a broad spread of sites in the United Kingdom. Most sites have only one turbine and none more than four. These are not wind farms but local sources of renewable energy generation and all are onshore.
How we assisted Constantine Wind Energy +
TGC Renewables had developed a land bank of sites for potential installation of wind turbines but, in 2012, decided to withdraw from this sector in order to concentrate on developing solar installations. Constantine Energy had an ambition to install and own such turbines and, supported by Constantine Group both financially and with management, set up a subsidiary to acquire the land bank and expertise developed by TGC Renewables in a deal that benefitted both parties.
CWE grew rapidly and remained capital hungry. Constantine Group introduced two private individuals as third-party investors to enable the business to grow, and since then has managed the investment as a joint venture, continuing to provide finance and management expertise as required. CWE is probably the largest owner-manager of a spread portfolio of mid-range turbines in the UK that is not part of an infrastructure fund.
Our long term investment strategy lets our management teams focus on growing their businesses
Dominic Akers-Douglas, Chief Executive