27th Sep 2013 14:18
LONDON (Alliance News) - Greencoat UK Wind PLC Friday said it has increased its net generating capacity to 153.1 megawatts after new acquisitions.
The renewable energy production company said the acquisition of Cotton Farm and Earl's Hall Farm wind farms from BayWa r.e renewable energy GmbH has been agreed and will complete October 2.
The company said it is paying GBP70.0 million for the deal, which will be funded through reinvestment of Greencoat's cash resources and debt facility.
Greencoat shares were up 0.12% to 105.625 pence Friday.
By Tom McIvor; [email protected]; @TomMcIvor1
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