Greencoat Renewables completed the acquisition of a 22.5% stake in Butendiek offshore wind farm in Germany from Marguerite Pantheon.

Greencoat Renewables, an Irish investment company, completed the acquisition of a 22.5% stake in Butendiek offshore wind farm in Germany from Marguerite Pantheon, an infrastructure core fund. Financial terms were not disclosed. "We are pleased to make this acquisition which consolidates Greencoat Renewables' market position in the German offshore wind sector. This acquisition will also contribute to the diversification of Greencoat Renewables' European portfolio whilst bringing further strong contracted cash flows," Bertrand Gautier, Greencoat Renewables Investment Manager.