Greencoat Renewables acquired 80.5 MW solar farm in eastern Ireland

Ireland’s Greencoat Renewables has completed the acquisition of a 50% stake in the 80.5 MW South Meath Solar Farm in County Meath, located in east Ireland. 

The stake previously owned by Norwegian hydropower company Statkraft has been sold, with funds managed by Schroders Greencoat acquiring the remaining 50%. Greencoat has also secured a long-term power purchase agreement (PPA) with a technology company for 100% of the solar farm’s output. The South Meath Solar Farm in County Meath, Ireland, became operational at the end of 2023. The project was developed, financed, and constructed by Statkraft, which had acquired it from Lightsource BP.