Info
Info
News Article

Greencoat Renewables Announce Acquisition Of 48.3MW Wind Farm

Greencoat Renewables, the Irish renewable infrastructure company, has announced the acquisition of Ballybane, a 48.3MW wind farm situated in County Cork. The wind farm was acquired from an independent local developer for a total consideration of €61.3 million. This brings Greencoat Renewables' portfolio of operational wind farms to 251MW capacity.

Ballybane wind farm consists of 21 Enercon E70 turbines with a net generating capacity of 48.3MW. The wind farm was constructed in three phases, all of which qualify for the REFIT tariff:

Phase 1: 13 turbines contracted under the REFIT 1 scheme until 2023

Phase 2: 6 turbines contracted under the REFIT 2 scheme until 2030

Phase 3: 2 turbines contracted under the REFIT 2 scheme until 2032

The acquisition was in line with Greencoat Renewables' Investment Policy and was funded by the company's €250 million credit facility. Following the acquisition, Greencoat Renewables' total borrowings are 31% of Gross Asset Value (excluding consideration of the Coillte acquisition which is expected to close during November 2018).

Paul O'Donnell, Partner at Greencoat Capital, the Investment Manager said: “Ballybane is a very attractive asset with significant generating capacity and a high load factor. The deal represents our fourth transaction with independent developers in 2018, and following the recent Coillte announcement, further evidences the ongoing opportunity in Ireland's secondary wind market.”

Solar Shines Light On Britain’s March Towards Low-carbon Future
Clean Energy Industry United Against Ofgem’s Proposed Network Charging Reform
The Ethics Of Energy Distribution
SSE Chooses Contigo’s Envoy For Electronic Data Transfer With National Grid
New Technologies For Renewable Energy To Be Developed By Region’s Universities
Q CELLS Gears Up For UK’s Attractive Post-FIT Solar Landscape
UK Government Funds New Taxi Charge Points
Solar Farm Proposal Approved As Ashford Leads The Way In Kent
Energy Tariff Differences Across Scotland
Is The UK Really Ready For An Electric Vehicle Rollout?
Solar Energy Company To Create 50 New Jobs In Wicklow
TLT Continues Clean Energy Growth With Ecotricity GC Hire
Loughborough Student Helps Solve Scientific Puzzle That Could Improve Solar Panel Efficiency
UK Government Grants £6 Million To Support Charging Infrastructure For Taxis
Scots Homes And Businesses Small-scale Renewables Future Uncertain
Eco2Solar Announce Exclusive Deal With Redrow
Plan For The EV Revolution Now Or Miss The Opportunity To Integrate
Gridserve To Open UK-wide Network Of Electric Forecourts
Cubico Sustainable Raises £272 Million For Portfolio Refinancing In UK
Siemens Smart Infrastructure: Real-time Data Will Drive Sustainable Infrastructure Cities Of The Future
UK Solar Power Market Will Thrive
E.ON Launches First-of–its-kind Solar Reward For New Solar Customers
Lightsource BP Unveils Plans For Solar Near Fowlis
SuperSolar Hub Brings UK Researchers Together To Focus On Perovskite PV

Info
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the Smart Solar Magazine, the Smart Solar Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info