Irish Fund Takes Reins Of 104-MW Viridian Wind Portfolio

Law360, New York (June 18, 2012, 5:50 PM EDT) -- A €1 billion ($1.3 billion) infrastructure fund backed by Irish pension investments has completed its first purchase — a controlling stake in 10 wind energy projects scattered across Ireland and Northern Ireland from private energy company Viridian Group PLC, according to announcements Monday.

The Irish Infrastructure Fund, established in November by the asset management arm of Irish Life & Permanent PLC, now owns at least a 75 percent share in all 10 of the wind farms, which have a combined 104 megawatts of generating power, according...
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