Greencoat Renewables takes 50% stake in Carrickallen Wind Farm

Greencoat Renewables PLC has closed the acquisition of the 50% stake of Carrickallen Wind Farm, a 20.5 MW wind farm situated in County Cavan, Ireland.

The wind farm consists of 10 Senvion MM92 turbines that have been operational since January 2019. The wind farm's revenues are contracted under the REFIT 2 scheme, providing a long-term guaranteed minimum floor price for the electricity generated until 2032. Siemens will continue to manage the operations and maintenance contract.

The remaining 50% of the asset will continue to be owned by the Galetech Group, an experienced Irish wind developer.

The acquisition brings Greencoat Renewables' portfolio of operational wind assets to an aggregate capacity of 538 MW.