Greencoat Renewables buys Irish wind farm for €34.5m
Greencoat Renewables (CDI)
€0.86
17:10 25/04/24
-0.12%
-€0.00
Renewable energy investor Greencoat Renewables has bought a 14.1-megawatt wind farm in County Clare, on Ireland's west coast for €34.5m.
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11,613.36
17:09 25/04/24
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FTSE AIM 100
3,628.91
16:49 25/04/24
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FTSE AIM All-Share
753.12
16:50 25/04/24
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The AIM-listed group said on Monday that the acquisition was being funded by its €380m credit facility. Following the acquisition, Greencoat Renewables total borrowings represent 38% of its gross asset value.
Greencoat added that the farm's revenues were contracted under the REFIT 2 scheme, providing it with a long-term guaranteed minimum floor price for all electricity generated at the site until 2032.
As of 0900 GMT, Greencoat shares had ticked up 0.83% to €1.21 each.