EnergyWatch

Equity fund buys the UK's oldest offshore wind farm

In the search for new wind investments, one of Europe's largest, private, renewables funds has now set its sights on old, British wind farms.

Photo: Vestas

Wind turbines do not have to be young to be attractive. British-Irish Greencoat has now purchased two old, British wind farms. The acquisitions are happening just a few weeks after Greencoat issued new shares and thus increased its investment portfolio by around EUR 295 million.

Offshore wind farm North Hoyle, which was the first offshore wind farm installed in the UK and supported by the subsidy program Round 1, has been sold to Greencoat. The farm has capacity of 60 MW and is located off of Wales.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Glencore books huge profit from gas crisis

The exorbitant natural gas prices have led several countries to reverse course on coal. This has served to benefit mining company Glencore, which, unlike competitors, has decided not to cut down on coal production.

Pelosi's Taiwan visit could impact Tesla's battery supplies

According to Bloomberg, the Chinese government has interfered with Chinese battery manufacturer CATL’s plans to build a factory in the US. A decision on where to build the factory has reportedly been postponed due to Nancy Pelosi’s visit to Taiwan. Updated.

Further reading

Related articles

Latest News

See all jobs