Greencoat Acquires 80.5-MWp Irish Solar Park, Secures PPA

• Greencoat Renewables Plc acquires 80.5-MWp solar park in Ireland with partnership funds and a power offtake deal, solidifying their commitment to renewable energy.

Irish renewable infrastructure company Greencoat Renewables Plc has completed the acquisition of an 80.5-MWp solar park in Ireland, along with partnership funds, and has signed a power offtake deal. Greencoat purchased a 50% interest in the project, with the remaining 50% acquired with funds managed by Greencoat’s investment manager Schroders Greencoat LLP. The financial details of the transaction were not disclosed.

The South Meath Solar Farm in County Meath was sold by Norwegian power utility and developer Statkraft A/S, with the project originally being originated by Lightsource and permitted in 2018. Along with the change of ownership, Greencoat also announced a long-term power purchase agreement (PPA) covering the entire generation of the photovoltaic (PV) farm, with the offtaker being a leading technology company whose name was not specified.

What company recently acquired an 80.5-MWp solar park in Ireland and signed a power offtake deal?

• Greencoat Renewables Plc recently acquired an 80.5-MWp solar park in Ireland
• The acquisition was completed in partnership with funds managed by Schroders Greencoat LLP
• The South Meath Solar Farm in County Meath was sold by Norwegian power utility and developer Statkraft A/S
• The project was originally originated by Lightsource and permitted in 2018
• Greencoat also signed a long-term power purchase agreement (PPA) covering the entire generation of the solar farm
• The offtaker for the PPA is a leading technology company, although their name was not disclosed