Slieve Divena II wind farm joins Greencoat portfolio

Greencoat UK Wind has completed the acquisition of the Slieve Divena II wind farm from SSE Renewables, it announced on Monday, for a consideration of £51m.

The London-listed firm said Slieve Divena II has a capacity of 18.8MW and load factor of 31.3%, receives 0.9 renewables obligation certificates per MWh, and has been operational since June 2017.

“The acquisition was funded by UKW's acquisition facility plus reinvestment of portfolio cash of £24m,” the Greencoat board said in its statement.

At 1515 BST, shares in Greencoat UK Wind were up 1.71% at 130.6p.