Greencoat completes purchase of 51.9 MW French wind portfolio from John Laing
Greencoat Renewables PLC, the renewable infrastructure company invested in euro-dominated assets, has completed the acquisition of a 51.9 MW portfolio of wind farms in France from UK-based infrastructure investor John Laing Group Plc.
The portfolio consists of three operational wind parks, namely the 20 MW Passilly in Burgundy, the 21.6 MW Sommette in Picardy, and the 10.3 MW St Martin in Saint-Martin-l'Ars. The facilities are equipped with Gamesa, Nordex, and Senvion hardware. The projects all benefit from France’s stable and supportive tariff regime which guarantees a fixed price for the electricity produced by the asset via a Feed-in Tariff (FIT) with a weighted average remaining subsidy life of 12.3 years.
The portfolio of three wind farms comes with 16-year long term fixed rate project finance and Greencoat Renewables’ total borrowings now represent 43% of Gross Asset Value.
Country updates
-
-
June 11, 2020
EIB co-finances offshore wind farm in France for EUR450mn
The European Investment Bank (EIB) has granted a EUR 450 million (US$511.14 million) credit line to a consortium made up of EDF Renouvelables, Enbridge and wpd to co-finance the construction of o...
Read more -
June 04, 2020
Ailes Marines selects Prysmian to provide the submarine inter-array cables for the Offshore wind farm in Saint- Brieuc
Ailes Marines, in charge of the development, construction, installation, and operation of the offshore wind farm in the bay of Saint-Brieuc, has awarded Prysmian Group a contract worth of about EUR80...
Read more -
June 02, 2020
EDF Renewables, Enbridge and wpd start construction of 500 MW Fecamp offshore wind project off the coast of Normandy
EDF Renewables, Enbridge Inc, and wpd have launched the Fécamp offshore wind farm following the finalization of financing agreements between the consortium and its financial partners. The 500...
Read more -
June 02, 2020
Siemens Gamesa to supply turbines for 496 MW Bay of Saint Brieuc offshore wind project
Siemens Gamesa Renewable Energy (SGRE) has received the firm order from Ailes Marine, an affiliate of Iberdrola, for 62 SG 8.0-167 DD offshore wind turbines for 496 MW Bay of Saint Brieuc offshor...
Read more -
June 02, 2020
Siemens Gamesa supplies turbines for 497 MW Fecamp offshore wind project off the coast of Normandy
Siemens Gamesa has secured a contract from Eolien Maritime France, a joint venture between EDF Renouvelables and Enbridge Inc, for the supply of 71 units of SWT-7.0-154 offshore wind turbines for the...
Read more
