.
MergerLinks Header Logo

New Deal


Announced

Greencoat is set to acquire Douglas West wind farm from Blue Energy.

Financials

Edit Data
Transaction Value-
Consideration Type-
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Alternative Fuels

Acquisition

Pending

Private

wind farm

Single Bidder

Private Equity

United Kingdom

Synopsis

Edit

Greencoat UK Wind has entered into an agreement to acquire the Douglas West wind farm from Blue Energy. Douglas West is located 7 miles south west of Lanark, Scotland and will have a total capacity of 45MW, and will be subsidy free. Construction is expected to start in 2019, with the commencement of commercial operations targeted for July 2021. Acquisition and construction costs will total approximately £45m ($57m) over the period January 2019 to July 2021, which is expected to be funded through reinvestment of UKW's excess cash flow. We are pleased to have reached an agreement to acquire Douglas West. Once operational, Douglas West will sit alongside our existing 32 ROC investments and, with Tom nan Clach also incorporated, will increase our generating capacity to 910MW as part of our balanced portfolio." Tim Ingram, UKW Chairman.

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US