Greencoat Renewables to purchase yet another wind farm in Ireland
Date: 2018-02-17   Author: Dhananjay Punekar  Category: #news

Greencoat Renewables PLC, an Ireland based renewable-infrastructure firm, has decided to acquire Lisdowney, a 9.2 MW wind farm based in Co Kilkenny, for EUR 22.5 million. According to the London South East, the Lisdowney wind farm, which was commissioned in 2016 near Kilkenny county has four Enercon E82 turbines. As per the agreement with the wind farm valid till 2031, Ireland’s Renewable Energy Feed-in-Tariff 2 initiative guarantees a minimal price for power generated at Lisdowney. For the record, Enercon GmbH, one of the largest wind turbine manufacturers in Germany, will continue to handle the operations & maintenance activities of the Wind Farm as per its contract.

Some of the key officials of Greencoat Renewables have claimed that the firm will finalize the purchase price based on the energy production of the wind farm over an eighteen-month period. Paul O’Donnell, a partner at Greencoat Capital LLP, believes that the acquisition aligns with the firm’s strategy of buying out high-quality wind farms in Ireland. Industry analysts are of the opinion that the deal marks a new era of growth for the renewable energy sector across Ireland as well as Europe.

As per the statement released by the company, the acquisition will be funded through the EUR 250 million credit facility made available to Greencoat by five banks - BNP Paribas, AIB, Santander, Commerzbank, and Royal Bank of Canada. Last year, the company had acquired the Dromadda More, 36MW wind farm in County Kerry, for EUR 88.4 million from Impax Asset Management. The firm has speculated that the wind farm will be commissioned in March 2018. With the escalating demand for renewable energy, these acquisitions will help GreenCoat expand its reach across Europe in addition to contributing significantly towards the global green energy initiative, cite industry experts.



About Author


Dhananjay Punekar

Dhananjay Punekar

Dhananjay currently works as a content writer at AlgosOnline. A post graduate in mathematics as well as business administration, he worked as a process executive in Infosys BPO Limited before switching his professional genre. Following his childhood passion, he opted fo...

Read More

More from Dhananjay


Post Recommendents

Global Textile Coatings Market to surpass 5,600 kilo tons by 2024
Author: Rahul Varpe

Textile Coatings Market size is anticipated to surpass USD 7.5 billion by 2024. Increasing preference for advanced automotive interiors along with rise in demand for passenger vehicle will drive the textile coatings market growth. Global passenger...


Sirius Minerals inks massive polyhalite supply deal with Cibra Group
Author: Pankaj Singh

Sirius Minerals, the renowned U.K. based fertilizer development company, has recently announced its largest supply deal for its £3.2bn York Potash mine. According to sources familiar with the matter, the long-ter...


Agriculture Masterbatch Market to grow 6% CAGR over 2018 to 2024
Author: Rahul Varpe

As per reliable estimates, the Masterbatch Market for automotive sector is projected to surpass a CAGR of 5.8 percent over the next seven years. The consistent research and development activities being undert...