Greencoat Renewables to acquire 22.5% stake in German wind farm

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Deal for the Butendiek farm from Marguerite Pantheon is expected to close before the end of the first quarter

Greencoat Renewables, which floated on the market in 2017, separately announced the completion of its acquisition of the 25MW Taghart wind farm in Ireland as well as the 45MW Kokkoneva wind farm in Finland. Both assets were acquired under a forward sale commitment.

Greencoat investment manager Bertrand Gautier said the deal would help the company diversify its European portfolio. “This acquisition will also contribute to the diversification of Greencoat Renewables’ European portfolio whilst bringing further strong contracted cash flows.

 

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