Greencoat UK Wind PLC (LON:UKW) has acquired an 80% stake in five wind farms in the Peterborough area for £98mln from EDF Energy Renewables.
The wind farms have, in total, 47 Senvion 2.05 megawatt MM82 turbines.
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The portfolio will sell power and renewable obligation certificates to the EDF group.
The EDF group will operate and maintain the turbines.
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“The acquisitions were funded by UKW's acquisition facility. Following completion of the acquisitions, UKW's total borrowings will amount to £265 million, equivalent to 19% of Gross Asset Value (gearing limit 40%),” said Tim Ingram, chairman of Greencoat.