Renewables investment fund Greencoat UK has signed agreements over two wind farm developments, worth nearly £100million, increasing its net generating capacity to 226.4MW.
The deal covers the purchase of Kildrummy wind farm from BayWa for £43.3million and Maerdy wind farm from Velocita Energy Developments for £52.9million.
Kildrummy is located in Aberdeenshire and has a capacity of 18.4 MW and a forecast net load factor of 35.7%. Maerdy is located in the Rhonda Valley in South Wales and has a capacity of 24 MW and a net forecast load factor of 32.2%.
The transactions are expected to complete on June 30.
“We are pleased to announce the acquisition of Kildrummy and Maerdy wind farms, high quality additions to our operating portfolio,” said Tim Ingram, Greencoar UK Wind chairman.
“Our revised three-bank facility is of significant benefit to the company, and we look forward to integrating our new assets into the business.”
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