Railpen and GreenPower formed a joint venture.

Railpen, a pension fund, and GreenPower, an independent renewable energy developer in the UK formed a joint venture, to co-develop the circa 66MW Barachander onshore wind project in North Argyll. Financial terms were not disclosed. “Our partnership with Railpen is a very positive one, and it is brilliant that our own independent Scottish company and the country’s railway workers can combine our resources in this way, to not just create new green energy, but to make a difference to people locally and nationally. The Barachander Wind Farm is proposed in a good location for a relatively modest number of turbines with good energy yield. We are also creating the Argyll Hydrogen Hub in the region, and Barachander can play a part in this powerhouse for clean renewable energy in the north of Argyll,” Rob Forrest, GreenPower CEO.