Resonance Boosts Funds to $100 Million, Buys U.K. Wind Farms
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Resonance Asset Management LLP raised $100 million and bought four British wind farms as it targets assets with long-term returns and state backing.
The U.K. company won commitments from institutional investors including pension and insurance funds for its first Resonance British Wind Energy Income fund, Chief Executive Officer Nick Wood said. The venture has spent 86 percent of the capital including its acquisition of the wind farms in Scotland, Wales and northern England, he said.