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Both wind farms benefit from 15-year fixed-price contracts, secured under the recent RESS 1 auction. This is the first Greencoat Renewables acquisition supported by the Government s RESS scheme.
David Dunne, Operations Manager for Natural Power Ireland, said: Given the nature of the transaction, the key focus of our review was on identifying any residual operational risks to the wind farms once the projects have been built. This was achieved through our in-house asset management and advisory expertise coupled with existing knowledge of the projects in question. With the conclusion of this deal, our second for Greencoat Renewables in 2020, we have now advised a range of investors on a total of 265MW of RESS-1 project transactions in 2020 alone. This equates to more than 20% of the total capacity of successful RESS-1 projects. ....

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