Greencoat Renewables to purchase 80MW Irish PV plant

• South Meath project is due online in Q4 2023 when the handle Statkraft will certainly finish

Greencoat Renewables is to acquire the more than 80MW South Meath solar farm from Statkraft for a concealed cost.

Greencoat stated it will acquire a 50% stake in the asset with the continuing to be 50% being acquired in partnership with a pension plan fund, spending via a fund additionally handled by Greencoat Capital.

The 80.5 MW project is presently under construction in County Meath.

Commercial procedures are anticipated in the fourth quarter of 2023.

The deal is structured under an onward sale design and will just complete as soon as the solar farm is completely functional.

Statkraft will certainly finance as well as handle the building and construction of the solar farm and also will continue to offer administration services once functional.