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.