HgCapital, a European mid-market private equity house, has completed the £21.6m (€31.4m) acquisition of a Welsh wind farm, the first of a series of deals from its new renewable energy team which plans to become a leader in the field.

The Tir Mostyn wind farm in North Wales will comprise 25 wind turbines that will produce enough power to light 15,500 homes each year. It will save approximately 47,000 tonnes a year in greenhouse gas emissions, when measured against equivalent fossil fuel generation.