Greencoat UK Wind Buys Langhope Rig Wind Farm for GBP39.8 Million
March 27 2017 - 3:50AM
Dow Jones News
LONDON--Renewable infrastructure fund Greencoat UK Wind PLC
(UKW.LN) said Monday it has acquired Langhope Rig Wind Farm from GE
Energy Financial Services for 39.8 million pounds ($49.3
million).
Greencoat said the acquisition was funded by the company's
revolving credit facility.
Langhope Rig is located near Hawick in the Scottish Borders, and
has a capacity of 16 megawatt, Greencoat said.
Greencoat shares at 0720 GMT up 0.1%, at 119 pence, valuing the
company at GBP878.5 million.
-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter:
@Raztweet
(END) Dow Jones Newswires
March 27, 2017 03:35 ET (07:35 GMT)
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