18th Jul 2022 14:46
Greencoat Renewables PLC - Dublin-based investor in euro-denominated renewable energy infrastructure assets - Buys its first solar farm in Ireland, north-west of Dublin, for an undisclosed sum.
The 80.5 megawatt peak Meath Solar farm is developed by Oslo-based renewable energy developer Statkraft AS and will become operational in the fourth quarter of 2023. Greencoat Renewables will buy a 50% stake in the east Ireland based farm, with the other 50% bought by a fund managed by Greencoat Capital LLP.
"Statkraft will finance and manage the construction of the solar farm and will continue to provide management services once operational," Greencoat explains.
Current stock price: EUR1.20
12-month change: up 1.7%
By Tom Budszus; [email protected]
Copyright 2022 Alliance News Limited. All Rights Reserved.
Related Shares:
Greencoat Renewables