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(Sharecast News) - Renewable infrastructure fund Greencoat UK Wind agreed to acquire Slieve Divena II wind farm from SSE Renewables on Thursday for ?51m.
Slieve Divena II, located in Northern Ireland, has a capacity of 18.8m watts and has been operational since being constructed by SSE Renewables in June 2017.
The wind farm receives 0.9 ROCs per MWh and has a load factor of 31.3%.
SSE Airtricity, SSE's retail brand in Northern Ireland, will continue to manage the wind farm under a long-term power purchase agreement.
Chairman Tim Ingram said: "We are delighted to acquire our eighth wind farm from SSE, which is testament to the longstanding relationship we have developed.
"Slieve Divena II is a high quality, ROC-accredited asset sitting alongside our Slieve Divena wind farm and is a natural addition to our portfolio of operating UK wind farms, which now has a net generating capacity of almost 1GW."
As of 0830 GMT, Greencoat shares had ticked up 0.13% to 145.99p.
26 Jul 2019 10:01
Greencoat UK Wind Ups Dividend; Net Asset Value Broadly Flat
(Alliance News) - Greencoat UK Wind PLC on Friday raised its dividend and posted a very marginal rise in net asset value for the first half of the year.The company's net asset value per
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