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Greencoat buys Andershaw windfarm for £121m
28th Sep 2021 07:57
(Sharecast News) - Greencoat Wind UK said it was buying the Andershaw wind farm in the UK from Norway's Statkraft for £121m.
The acquisition will be funded using the company's revolving credit facility and gearing will increase to £1.050bn of outstanding debt, equating to 30% of Gross Asset Value, Greencoat said on Tuesday.
Andershaw is a 35MW farm located in South Lanarkshire, Scotland made up of 11 turbines. It was commissioned in February 2017 with a load factor of 34.8%. Greencoat said it had entered into a power purchase agreement with Statkraft until 2037, which also would provide management services to the wind farm.
The acquisition will be funded using the company's revolving credit facility and gearing will increase to £1.050bn of outstanding debt, equating to 30% of Gross Asset Value, Greencoat said on Tuesday.
Andershaw is a 35MW farm located in South Lanarkshire, Scotland made up of 11 turbines. It was commissioned in February 2017 with a load factor of 34.8%. Greencoat said it had entered into a power purchase agreement with Statkraft until 2037, which also would provide management services to the wind farm.