Greencoat Renewables agrees to acquire two Irish wind farms from BlackRock
Greencoat Renewables has agreed to acquire two Irish wind farms with a combined capacity of 45.2 MW. The two assets - Monaincha and Garranereagh wind projects are acquired for a total consideration of EUR88 million (US$100.66 million).
The 36 MW Monaincha wind farm consists of 15 Nordex N117 wind turbines. The project benefits from the Renewable Energy Feed-In Tariff (REFIT) 2 until September 2029. Meanwhile, the 9.2 MW Garranereagh wind farm consists of four Enercon E82 wind turbines. The project was commissioned in September 2013 and receives benefits from the REFIT 1 tariff until December 2027.
The acquisition, which is reported to be in line with Greencoat’s investment policy, will be funded using Greencoat’s increased Revolving Credit Facility.
Country updates
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December 14, 2018
Greencoat UK acquires 51 MW solar assets from Irish Infrastructure Fund
Greencoat UK Wind PLC acquired two wind farms located in Northern Ireland for GBP87 million (US$110.4 million) from the Irish Infrastructure Fund. Church Hill is located 16 miles north west of Omagh,...
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November 22, 2018
The Nordex Group supplies seven large turbines for 23 MW wind project in Ireland
Statkraft has placed an order with the Nordex Group for the supply of seven 3.3 MW N100/3300 turbines for the "Kilathmoy" wind farm in Ireland. The contract also includes a Premium Service A...
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October 30, 2018
Greencoat Renewables announces acquisition of 48 MW wind project in Ireland
Greencoat Renewables PLC has announced the acquisition of Ballybane, a 48.3 MW wind farm situated in County Cork. The wind farm was acquired from an independent local developer for a to...
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October 23, 2018
Irish energy regulator approves proposed US$460 million UK-Ireland interconnection
Ireland’s electricity regulator, the Commission for the Regulation of Utilities (CRU), has determined that the Greenlink Electricity Interconnector, a 205km 500 MW transmission pr...
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October 09, 2018
Statkraft announces market entry into Ireland
Statkraft has announced its entry into the Irish power market. It has been granted a Supply Licence in ROI and has successfully concluded its first long term REFIT Power Purchase Agreement (PPA). The...
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