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Jul 8 2020, 10:25 IST/BST
Even as its opportunity set expands, consolidation of the small-to-medium end of the Irish market will remain a key value creation opportunity for Greencoat. In that context, the acquisition of a 50% interest in Carrickallen wind farm (a c.20MW asset) is consistent with its now well-versed domestic strategy. It is just recently operational and benefits from REFIT 2 – thus, the acquired asset will contribute additional highly-secure cashflow until 2032. With gearing at 44% post completion, there appears to be plenty of scope for further growth.
Jul 8 2020, 10:25 IST/BST