Following acquisition, AGR undertook a comprehensive technical and commercial review of the portfolio to fully assess its development potential and optimise overall investment outcomes. This detailed process involved re-engineering site designs to improve layout efficiency, energy yield, and grid connectivity, as well as reassessing planning viability across all assets to ensure alignment with regulatory and environmental requirements. Sites that were deemed non-feasible or overly constrained from a technical or permitting perspective were systematically removed from the pipeline, allowing resources to be redirected toward stronger opportunities.
Case Study
FIT Wind
In 2014, AGR acquired a portfolio of 65 wind development sites from Dalestone Energy, with a clear strategic intent to progress them into a series of single-turbine wind energy projects across the UK. The acquisition was driven by the opportunity to capitalise on the UK’s Feed-in Tariff (FiT) subsidy regime, which at the time provided long-term, fixed-price incentives for small-scale renewable electricity generation.
Technology
Onshore Wind
Date
2014-2017
Partners
In 2014, AGR acquired a portfolio of 65 wind development sites from Dalestone Energy. The original strategy was to deliver single wind turbine projects eligible for the UK Feed-in Tariff (FiT) scheme, targeting sub-500kW installations.
Results
Timeline (months)
32
Project Capex
£110M
Installed Capacity (turbines)
30
Production Capacity
38 MWh
As a result, capital was strategically allocated only to high-quality, fully deliverable assets, improving the overall risk profile of the portfolio while enhancing its long-term commercial and operational performance.
AGR adopted a flexible development model designed to maximise opportunities across both industrial and greenfield environments, enabling it to deploy renewable energy projects in a range of operational contexts. On-site industrial developments were delivered in close partnership with major energy users, including Ford Motor Company and Aggregate Industries, allowing for direct on-site generation and immediate energy benefits such as reduced transmission losses and improved energy cost control. Alongside this, AGR pursued greenfield developments by securing land through innovative agreements with landowners and local stakeholders, thereby unlocking additional viable sites and expanding the overall project pipeline.
Over a 32-month period, AGR successfully developed, constructed, and commissioned 31 Endurance Wind Turbines (EWT) under the UK Feed-in Tariff (FiT) regime, each with an installed capacity below 500kW.
The programme demonstrated full lifecycle delivery capability, encompassing planning, development, construction, and commissioning across multiple sites. Standardised turbine technology was used to streamline procurement and construction processes, while strong project management enabled an accelerated and coordinated rollout across the portfolio. To support delivery, bridge financing for EPC activities was provided by BayernLB, ensuring sufficient liquidity during the construction phase and enabling timely completion of the projects at scale.
"AGR has been successfully managing the Aura wind farm for over ten years now, and throughout that period they have delivered consistently strong operational performance. The team have demonstrated a deep understanding of the assets, a proactive approach to operational management, and a high standard of professionalism in their day‑to‑day engagement. Over a full decade of operations, AGR has proven to be a reliable and trusted partner, providing continuity, responsiveness, and sound judgement across both routine operations and more complex asset‑related issues."Tim Mihill Associate Portfolio Director, Foresight
In 2017, following successful delivery, commissioning, and operational stabilisation of the portfolio, it was sold to PiP, part of Foresight Group. The transaction represented the culmination of a fully executed development and asset management strategy, transitioning the portfolio into long-term institutional ownership after a period of stable operational performance.
The sale marked a successful exit for AGR and its partners, delivering realised value from a fully operational renewable energy portfolio supported by stable, Feed-in Tariff (FiT)-backed revenues. It also provided strong returns and served as a clear validation of AGR’s development-led investment model, demonstrating its ability to originate, deliver, and monetise renewable energy assets at scale. Importantly, AGR retained a long-term role in the portfolio through continued asset management services, ensuring ongoing operational performance, revenue optimisation, and alignment of interests with the new owners following the transaction.
