Greencoat Renewables PLC GRP acquires Knocknalour Wind Farm for EUR 10.9 mn (4437B)
September 21 2018 - 2:00AM
UK Regulatory
TIDMGRP
RNS Number : 4437B
Greencoat Renewables PLC
21 September 2018
Greencoat Renewables acquires Knocknalour Wind Farm for EUR10.9
million
Dublin, London, 21 September 2018: Greencoat Renewables PLC
("Greencoat Renewables") the Irish renewable infrastructure
company, is pleased to announce it has acquired Knocknalour, a
9.2MW wind farm situated in County Wexford, for a total enterprise
value of EUR10.9 million from a group of local developers.
Knocknalour wind farm consists of four Enercon E70 turbines. The
wind farm was commissioned in September 2013 and its revenues are
contracted under the REFIT scheme, providing a long term guaranteed
minimum floorprice for the electricity generated. Following the
acquisition, Enercon will continue to manage the wind farm's
O&M contract.
The acquisition was funded by Greencoat Renewables EUR250
million credit facility. Following the acquisition, Greencoat
Renewables total borrowings will be 21% of Gross Asset Value
(excluding consideration of the Coillte acquisition which is
expected to close during November 2018).
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For further details contact:
Greencoat Capital LLP (Investment Manager)
Bertrand Gautier
Paul O' Donnell
Tom Rayner +44 20 7832 9400
FTI Consulting (Investor Relations & Media)
Jonathan Neilan +353 1 765 0886
Melanie Farrell greencoat@fticonsulting.com
Davy Corporate Finance (Broker, NOMAD and ESM Adviser)
Fergal Meegan
Barry Murphy
Ronan Veale +353 1 679 6363
RBC Capital Markets (Joint Broker)
Matthew Coakes
Jonathan Hardy +44 20 7653 4000
About Greencoat Renewables PLC
Greencoat Renewables PLC is an investor in euro-denominated
renewable energy infrastructure assets, and is focused on the
acquisition and management of operating wind farms in Ireland. It
is managed by Greencoat Capital LLP, an experienced investment
manager in the listed renewable energy infrastructure sector.
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contact rns@lseg.com or visit www.rns.com.
END
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