Greencoat Renewables acquires Spanish wind farm
Greencoat Renewables (CDI)
€0.82
15:29 15/11/24
Renewable infrastructure company Greencoat Renewables has acquired the 21MW Soliedra wind farm from Alfanar Global Development, the company's second renewables transaction in Spain.
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Greencoat Renewables said on Thursday that the Soliedra wind farm, currently contracted as a merchant asset with the flexibility to contract electricity produced via a corporate PPA, consisted of six GE- 137 turbines that have been operational since May 2021.
While the financial terms of the deal were not disclosed, Greencoat noted that following the acquisition, total borrowings will represent 40% of gross asset value.
The AIM-listed group added that the acquisition brings its total installed capacity to 1,014 megawatts.
As of 1015 BST, Greencoat shares were up 0.86% at €1.17 each.