Announced
Completed
Financials
Tags
Single Bidder
Friendly
Domestic
Acquisition
Private Equity
Private
Infrastructure
Alternative Fuels
United Kingdom
wind farm
Majority
Completed
Synopsis
Greencoat UK Wind, a specialist manager dedicated to the renewable energy infrastructure sector, completed the acquisition of the Dalquhandy, a 42MW wind farm located near Coalburn in South Lanarkshire, from BayWa, a construction engineering company, for £50m. "Greencoat UK Wind continues to generate significant cash flow in excess of its dividend and we are delighted to announce the acquisition of Dalquhandy wind farm. This NAV accretive transaction grows our portfolio to 46 wind farms with a generating capacity of 1.6k MW. Our pipeline of potential acquisitions remains healthy and we look forward to making further attractive investments in due course as we continue to play our role in decarbonising the UK economy," Shonaid Jemmett-Page, UKW Chairman.
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