Greencoat UK Wind : UKW – new acquisitions

Greencoat UK Wind is buying two wind farms, dipping into its credit line to do so (it will have borrowed £135m after the transactions complete – about 27% of gross assets)

Kildrummy has a capacity of 18.4MW and was commissioned in May 2013. The farm, which is in Aberdeenshire, has a forecast net load factor of 35.7%. Greencoat is paying £43.3m for Kildrummy.

Maerdy is located in the Rhondda Valley of South Wales. Commissioned in August 2013, it has a capacity of 24MW and a forecast net load factor of 32.2%. Greencoat is paying £52.9m for Maerdy.

Both wind farms attract subsidy at the rate of 1 ROC per MWh.

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