Greencoat Renewables acquires Irish photograph voltaic farm, enters prolonged-time frame PPA
Irish funding firm Greencoat Renewables has obtained a 80.5 MW photograph voltaic farm in jap Ireland. It has also entered into a prolonged-time frame strength aquire settlement for 100% of the energy produced.
Patrick Jowett
South Meath Solar Farm
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South Meath Solar Farm
Image: Greencoat Renewables
Ireland’s Greencoat Renewables has performed the acquisition of a 50% stake within the 80.5 MW South Meath Solar Farm in County Meath, positioned within the east of the nation. The stake formerly belonged to Norwegian hydropower firm Statkraft.
The transaction has been performed in partnership with funds managed by funding manager Schroders Greencoat, who receive obtained the closing 50%.
Greencoast has also entered into a prolonged-time frame strength aquire settlement (PPA) with a skills firm for 100% of photograph voltaic farm’s manufacturing.
“Because the largest operator of wind resources in Ireland, we stay taking into consideration handing over PPAs with good, extremely unswerving counterparties,” said Paul O’Donnell, accomplice at Schroders Greencoat. “As such, we’re jubilant to receive signed a prolonged-time frame settlement with one of many realm’s leading skills companies as segment of this transaction.”
This latest PPA in Ireland follows two signed by Greek energy firm Mytilineos in Might perhaps perhaps additionally.
A recent file by the Irish Solar Energy Association found Ireland nearly doubled its photograph voltaic skill closing three hundred and sixty five days, driven by a “valuable” surge in utility-scale photograph voltaic.
Earlier this three hundred and sixty five days, Schroders Greencoat obtained Toucan Energy’s UK photograph voltaic portfolio, consisting of fifty three working photograph voltaic farms.
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