IN BRIEF: Greencoat Renewables completes purchase of wind farm stake

Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Greencoat Renewables PLC - Dublin-based investor in euro-denominated renewable energy infrastructure assets - Completes acquisition of 23% stake in the Butendiek offshore wind farm in Germany from Marguerite Pantheon SCSp. The wind farm consists of 80 Siemens Gamesa 3.6 megawatt turbines, which will give Greencoat a total installed capacity of 1,228MW. Says the acquisition takes its total borrowings to 46% of gross asset value. The acquisition was first announced at the start of January.

Current stock price: €1.11 in Dublin, down 0.5%

12-month change: down 3.1%

Copyright 2023 Alliance News Ltd. All Rights Reserved.