Greencoat Renewables completed the acquisition of a 50% stake in Carrickallen Wind Farm from Galetech Energy Services.

Greencoat Renewables, an investor in euro-denominated renewable energy infrastructure assets, completed the acquisition of a 50% stake in Carrickallen Wind Farm, a 20.5MW wind farm situated in County Cavan, Ireland, from Galetech Energy Services, an Irish multi-disciplinary renewable energy consultancy and services provider. Financial terms were not disclosed. "We are pleased to announce our investment into Carrickallen wind farm, adding another high-quality wind asset with long-term contracted revenues. We were delighted to partner with Galetech and continue to see a strong pipeline of opportunities both in Ireland and the continent," Paul O'Donnell, Greencoat Renewables Investment Manager.