Sharecast News
28 Sep, 2021 08:17 28 Sep, 2021 08:17

Greencoat buys Andershaw windfarm for £121m

sgre in india wind farm
Siemens Gamesa

Greencoat Wind UK said it was buying the Andershaw wind farm in the UK from Norway's Statkraft for £121m.

The acquisition will be funded using the company's revolving credit facility and gearing will increase to £1.050bn of outstanding debt, equating to 30% of Gross Asset Value, Greencoat said on Tuesday.

Andershaw is a 35MW farm located in South Lanarkshire, Scotland made up of 11 turbines. It was commissioned in February 2017 with a load factor of 34.8%. Greencoat said it had entered into a power purchase agreement with Statkraft until 2037, which also would provide management services to the wind farm.


News Source: © 2021 Web Financial Group (UK) Limited. All rights reserved and terms of use apply.

Important Legal Notice about News Sources: Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news and we may not share the views of the author or publisher. We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.

 

Important Legal Notice about News Sources

Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author or publisher.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.