logo-loader
viewGreencoat UK Wind PLC

Greencoat UK Wind acquires Church Hill and Crighshane wind farms, ups net generating capacity to 836MW

The FTSE 250 wind farm investor said it acquired the wind farms for £87mln, including the prepayment of existing project finance debt facilities

Wind farm
Both of the wind farms are located in County Tyrone, Northern Ireland

Greencoat UK Wind PLC (LON:UKW) has acquired the Church Hill and Crighshane wind farms in Northern Ireland in a deal that has upped its net generating capacity to 836 megawatts (MW).

The FTSE 250 wind farm investor said it acquired the wind farms for £87mln, including the prepayment of existing project finance debt facilities.

READ: Greencoat UK Wind plans to spend £126mln on wind farm in northern Scotland

Church Hill is located 16 miles north-west of Omagh in County Tyrone and has a capacity of 18.4MW while Crighshane is located 20 miles north-west of Omagh and has a capacity of 32.2MW.

The acquisition was funded by £80 million from UKW’s revolving credit facility and the reinvestment of £7mln in group cash.

Tim Ingram, chairman of UKW, said the acquisitions meant the firm’s portfolio of wind farms now provided enough electricity to power over 750,000 homes.

The acquisitions follow news in October that Greencoat would spend £126mln to acquire the 13-turbine Tom nan Clach wind farm in Nairnshire, Scotland.

In mid-afternoon trading Friday, Greencoat shares were steady around 124.6p.

Quick facts: Greencoat UK Wind PLC

Price: 149.4 GBX

LSE:UKW
Market: LSE
Market Cap: £2.27 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Greencoat UK Wind PLC named herein, including the promotion by the Company of Greencoat UK Wind PLC in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Greencoat UK Wind close to powering 1 mln UK homes as size of portfolio surges

Greencoat UK Wind’s (LON:UKW) manager Stephen Lilley was happy with the first half performance even though wind speeds were slightly lower than expected. The group bought four assets over the first half of the year worth £611mln, including its first deal for an asset without a ROC...

on 29/7/19

2 min read