Greencoat Renewables PLC Agreement to acquire 134MW Ersträsk North Windfarm (0948Q)
June 24 2022 - 2:00AM
UK Regulatory
TIDMGRP
RNS Number : 0948Q
Greencoat Renewables PLC
24 June 2022
Greencoat Renewables increases Nordic Presence
Agreement to acquire the 134.4MW Ersträsk North Wind Farm
Dublin, London, 24 June 2022 | Greencoat Renewables PLC
("Greencoat Renewables"), the renewable infrastructure company
invested in euro-denominated assets, announces an agreement to
acquire the 134.4MW Ersträsk North wind farm in Norrbotten County,
Sweden from Enercon on a forward sale basis.
The wind farm is currently under construction and is expected to
be fully commissioned in Q4 2023. Once operational, Enercon will
provide long term operations and maintenance services. Ersträsk
North will initially operate as a merchant asset but has the
flexibility in the future to contract the electricity produced via
a corporate PPA.
This is the Company's second acquisition in this location,
having acquired Ersträsk South wind farm in October 2021, and will
bring Greencoat Renewable's overall capacity on this site to
235MW.
Paul O'Donnell, Partner at Greencoat Capital, the Investment
Manager, said:
"We are delighted to partner with Enercon and agree to acquire
the Ersträsk North windfarm.
Sweden is becoming a major hub for green energy, with the
combination of low-cost generation and a number of attractive
routes to market.
As the renewable generation market continues to develop, we
expect to see greater opportunity in the unsubsidised renewables
market and believe Greencoat Renewables is well positioned to
benefit both across mainland Europe and in Ireland."
--- ENDS ---
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)
Melanie Farrell
Orla Cox greencoat@fticonsulting.com
Davy (Broker, NOMAD and Euronext Growth Listing Sponsor)
Barry Murphy
Ronan Veale +353 1 679 6363
RBC Capital Markets (Joint Broker)
Matthew Coakes
Elizabeth Evans +44 20 7653 4000
About Greencoat Renewables PLC
Greencoat Renewables PLC is an investor in euro-denominated
renewable energy infrastructure assets. Initially focused solely on
the acquisition and management of operating wind farms in Ireland,
the Company is now also investing in wind and solar assets in
certain other European countries with stable and robust renewable
energy frameworks. It is managed by Greencoat Capital LLP, an
experienced investment manager in the listed renewable energy
infrastructure sector.
For more information about Greencoat Renewables PLC, please
visit http://www.greencoat-renewables.com/
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