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Announced

Completed

Railways Pensions Investments completed the acquisition of Carraig Gheal Wind Farm from GreenPower International.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For90%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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wind farm

Disposal

Friendly

United Kingdom

Alternative Electricity

Infrastructure

Private Equity

Domestic

Completed

Majority

Private

Single Bidder

Acquisition

Synopsis

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Railways Pensions Investments, which manages £30bn of assets on behalf of the railways pension schemes, completed the acquisition of Carraig Gheal Wind Farm, an operational wind farm on the west coast of Scotland, from GreenPower International, an independent renewable energy developer. Financial terms were not disclosed. "We are delighted to welcome Railpen as partners at Carraig Gheal, a project which is a significant part of our portfolio. We look forward to working with them on this and other opportunities in the future, as we help to deliver a zero carbon economy," Rob Forrest, GreenPower International CEO.

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