Greencoat acquires Tom nan Clach wind farm in Scotland
Greencoat UK Wind (UKW) is set to acquire the 75% stakes in Tom nan Clach wind project from Belltown Power for consideration of GBP126 million (USD164.824 m), including a share of project finance debt.
The Tom nan Clach project is a 39 MW wind project located in Nairnshire, Scotland, and is currently in the final stages of construction. It consists of 13 Vestas V112 turbines, restricted to 39.1MW connection capacity with a forecast net load factor is 48% (as a percentage of 39.1MW). The facility will benefit from a 15 year Contract for Difference (CFD) of GBP91.14 (USD119.223) (2018 real, CPI indexed).
The transaction is scheduled to complete in July 2019, 30 days after the commencement of commercial operations.
Country updates
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