Greencoat Renewables to buy two windfarms in €123m forward contract with Statkraft

Cloghan and Taghart windfarms will have capacities of 37.8MW and 25.2MW respectively

Both wind farms will benefit from 15-year fixed price contracts, secured under the recent RESS 1 auction. Picture: P.J.Browne

Irish renewable infrastructure company Greencoat Renewables has today announced its intention to acquire two, soon to be developed, wind farms in Ireland for a combined value of €123m under a forward contract with Statkraft.

Construction of the windfarms in Cloghan, Co Offaly, and Taghart Co, Cavan are due to begin shortly with the acquisition to be complete once each becomes fully operational, expected to be late 2022.