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New Deal


Announced

Greencoat Renewables to acquire a 50MW solar farm from Lightsource.

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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Pending

solar farms

Acquisition

Spain

Private

Single Bidder

Alternative Fuels

Friendly

Cross Border

Majority

Synopsis

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Greencoat Renewables, a renewable infrastructure company, agreed to acquire a 50MW solar farm from Lightsource, a global solar developer. Financial terms were not disclosed. "The combination of low-cost renewable energy, and a well-developed Corporate PPA market make Spain a very attractive target for renewable energy investment. We're delighted to secure such a high-quality asset from Lightsource bp and have sight of further value-accretive opportunities in Spain. As the renewable generation market continues to develop, we expect to see greater opportunity in the unsubsidised renewable market and believe Greencoat Renewables is well positioned to benefit both in Europe and in Ireland," Paul O'Donnell, Greencoat Partner.

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