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New Deal


Announced

Completed

Red Rock Power completed the acquisition of a 50% stake in Överturingen onshore wind farm from Macquarie Group-backed Green Investment Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Sweden

Renewable Energy Equipment

Completed

Cross Border

Private

onshore wind farms

Friendly

Acquisition

Majority

Private Equity

Single Bidder

Synopsis

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Red Rock Power, a provider of offshore marine development, completed the acquisition of a 50% stake in Överturingen onshore wind farm from Macquarie Group-backed Green Investment Group, an investment company. Financial terms were not disclosed. “While our expansion plans are increasing in pace, we very much remain committed to our home market and will continue to grow our Scottish and UK wind portfolio. Our Edinburgh-team has tripled in size over the last four years and we expect this new asset will add valuable experience in operating remote projects in extreme weather conditions which we can apply to our wider operation," Guy Madgwick, Red Rock Power CEO.

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