The business, based in Preston with an office in Glasgow, has secured the investment from Zouk Capital which will provide equity finance to fund wind turbine schemes.
UrbanWind has about 100 sites across the country in the development appraisal phase, including consented sites. They are now being evaluated for funding approval.
As part of the agreement, Zouk will buy consented sites from UrbanWind. It will then develop them through a joint venture set up between both companies.
Paul McCullagh, UrbanWind’s chief executive, described the deal as “ground-breaking”…
