South Meath Solar Farm is a farm
Image: Greencoat Renewables
Ireland’s Greencoat Renewables has accomplished the acquisition of a 50% stake within the 80.5 MW South Meath Solar Farm in County Meath, situated within the east of the nation. The stake beforehand belonged to the Norwegian hydropower firm Statkraft.
The transaction was accomplished in partnership with funds managed by funding supervisor Schroders Greencoat, which acquired the remaining 50%.
Greencoast has additionally entered right into a long-term energy buy settlement (PPA) with a expertise firm for 100% photo voltaic farm manufacturing.
“As Ireland’s largest operator of wind belongings, we stay centered on delivering PPAs with massive, respected counterparts,” stated Paul O’Donnell, companion at Schroders Greencoat. “Therefore, we’re happy to have signed a long-term settlement with one of many world’s main expertise corporations as a part of this transaction.”
This newest Irish PPA follows two signed by Greek power firm Mytilineos in May.
A latest report by the Irish Solar Energy Association discovered that Ireland nearly doubled its photo voltaic capability final yr, pushed by an “extraordinary” surge in utility-scale photo voltaic.
Earlier this yr, Schroders Greencoat acquired Toucan Energy’s UK photo voltaic portfolio, which consists of 53 working photo voltaic farms.
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