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Greencoat UK Wind acquires wind farm from SSE Renewables

Thu 20 February 2020 08:04 | A A A

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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.

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