Greencoat Renewables has acquired 89.6MW Cordal wind project
Date
March 10, 2021
Type
M&A Transactions
Subtype
Transaction agreement announced
Countries
Ireland
Subsectors
Onshore Wind
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Greencoat Renewables signed an agreement to acquire Cordal wind farm from Cubico Sustainable Investments.
The wind farm is located in Co. Kerry, Ireland, and consists of 28 3.2MW GE turbines that went into full commercial operations in May 2018.
The wind farm's revenues are contracted under the FEFIT 2 scheme, providing a long-term guaranteed minimum floor price for the electricity generated until 2032. GE will continue to manage operations and maintenance contracts.
