HgCapital backs wind turbines

London-headquartered HgCapital has funded the development of two wind turbines for speciality chemicals producer Solutia.

The project will enable the company to generate its own electricity, and is based at Solutia’s site in Newport, Wales.

UK onsite generation specialists Wind Direct will build, own and operate the two 2.5MW wind turbines, which will produce more than one third of Solutia’s electricity needs.

HgCapital has a portfolio of 35 European renewable energy projects in construction,

operation or development, with 300MW in operation or construction and a further 300MW in the pipeline.