Greencoat Renewables PLC GRP acquires 14.0MW Beam Hill Wind Farm (7208U)
November 27 2019 - 2:00AM
UK Regulatory
TIDMGRP
RNS Number : 7208U
Greencoat Renewables PLC
27 November 2019
Greencoat Renewables acquires 14.0MW Beam Hill Wind Farm
Installed capacity increased to 461MW
Dublin, London, 27 November 2019: Greencoat Renewables PLC
("Greencoat Renewables" or "the Company") the Irish renewable
infrastructure company invested in euro-dominated assets is pleased
to announce it has acquired Beam Hill Wind Farm, a 14.0MW wind farm
situated in County Donegal for a consideration of EUR10.5 million.
This brings Greencoat Renewables' portfolio of operational wind
assets to 461MW.
The wind farm consists of 8 Vestas V66 turbines that have been
operational since November 2006. Vestas will continue to manage the
operations and maintenance contract.
The acquisition is being funded by the Company's EUR380 million
credit facility. Following the acquisition, Greencoat Renewables
total borrowings are 48% of Gross Asset Value.
Bertrand Gautier Investment Manager said: "We are pleased to
announce the acquisition of Beam Hill Wind Farm, adding another
high-quality wind asset to our portfolio. Beam Hill represents our
first merchant wind farm acquisition and will allow Greencoat
Renewables to explore different contracted power price structures,
including the emerging Corporate PPA market in Ireland".
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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 (Broker, NOMAD and Euronext Growth Adviser)
Fergal Meegan
Barry Murphy
Ronan Veale +353 1 679 6363
RBC Capital Markets (Joint Broker)
Matthew Coakes
Jonathan Hardy +44 20 7653 4000
Elizabeth Evans
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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END
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