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New Deal


Announced

Completed

Greencoat Renewables completed the acquisition of 89.6MW Cordal Wind Farm from Cubico Sustainable Investments.

Financials

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

Tags

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Ireland

Alternative Electricity

Infrastructure

wind farm

Private

Friendly

Majority

Acquisition

Single Bidder

Private Equity

Cross Border

Completed

Synopsis

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Greencoat Renewables, the renewable infrastructure company invested in euro-denominated assets, completed the acquisition of the 89.6MW Cordal Wind Farm, which consists of 28 3.2MW GE turbines that reached full commercial operations in May 2018., from Cubico Sustainable Investments. Financial terms were not disclosed. The wind farm's revenues are contracted under the REFIT 2 scheme, providing a long-term guaranteed minimum floor price for the electricity generated until 2032. GE will continue to manage the operations and maintenance contract.

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