Greencoat concludes acquisition of 38 MW Cloghan Wind Farm project in County Offaly
Greencoat Renewables has finalized the acquisition of the 38 MW Cloghan Wind Farm project in County Offaly, Ireland. It had been acquired under a forward sale commitment from Statkraft in December 2020. It was developed by Statkraft and benefits from a 15-year fixed-price contract secured through the RESS 1 auction until 2037.
With the acquisition of the Cloghan Wind Farm, the total borrowings of Greencoat Renewables have risen to 47% of its gross asset value.
Statkraft will continue to offer trading and operational management services for the wind farm. With a growing appetite for eco-friendly solutions, Greencoat's acquisition is a positive step forward in addressing the energy needs of the country.
Country updates
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April 14, 2023
Renewable Energy Systems submits planning application for 50 MW wind project with energy storage system in County Antrim
Renewable Energy Systems Ltd (RES Group) has submitted a planning application for a new wind project with an energy storage facility in County Antrim, Northern Ireland. The proposed project will featu...
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April 10, 2023
NTR installs 25 MW of Irish battery storage projects
NTR has announced deploying two battery energy storage systems with a combined capacity of 25 MW in County Wexford, Ireland. The Gorey system, with a capacity of 9 MW, and the Avonbeg facility, with a...
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March 28, 2023
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RWE to install 1 GW of floating turbines in the Celtic Sea
RWE has disclosed its full plan for delivering future growth of the offshore wind sector around the Celtic Sea region. Considering it as the future of the industry, the company views the potential of...
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March 23, 2023
Arjun Infrastructure completes acquisition of minority stake in Amarenco
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