Greencoat to acquire a 50MW Andella Wind Farm.

Greencoat, an Irish investment company investing in primarily Irish and Euro denominated European wind farms and renewable energy infrastructure, agreed to acquire a 50MW Andella Wind Farm. Financial terms were not disclosed. "The combination of low-cost renewable energy and a well-developed Corporate PPA market makes Spain a very attractive target for renewable energy investment. We're delighted to secure such a high-quality wind asset and further build out our portfolio in the Spanish market. As the renewable generation market continues to develop, we expect to see greater opportunity for unsubsidised renewables and believe Greencoat Renewables is well positioned to benefit from this growing opportunity," Paul O'Donnell, Greencoat Partner.