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Greencoat acquires Derry wind farm

Posted on 26 Mar 2018 and read 3225 times
Greencoat acquires Derry wind farmA new wind farm 30 miles to the east of Derry in Northern Ireland, which was fully commissioned last month, has been acquired by London-based investment company Greencoat UK Wind (UKW) (www.greencoat-ukwind.com) in a £163 million deal.

The Brockaghboy wind farm, which features 15 wind turbines and has a capacity of 47.5MW, was purchased from Italian firm ERG Power Generation.

Tim Ingram, UKW chairman, said: “We are very pleased with this latest acquisition. 2017 was a busy year for us, and it is great to start 2018 with the acquisition of a 100% ownership stake in a brand-new good-sized wind farm with a very high load factor.”

The company already has three wind-farm operations in Northern Ireland.

Meanwhile the Department for the Economy released new statistics earlier this month which show that 34.8% of Northern Ireland’s electricity consumption last year came from renewable sources in the North last year — and that 84.3% of this was, in turn, generated by wind.