Greencoat Renewables draws from credit facility to fund wind farm buy

By Sarah Lizee

Olympia, Wash., Nov. 18 – Greencoat Renewables plc used borrowings under its €380 million credit facility to fund the acquisition of Killala Community Wind Farm, a 20.4 MW wind farm situated in Ireland’s County Mayo.

The initial consideration is €37.2 million, with further proceeds payable once the final turbine becomes operational, according to a press release.

Greencoat is a Dublin-based company owns and invests in wind farms.

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