Greencoat Renewables has acquired the 14MW Beam Hill wind farm in Ireland.
The investor paid €14.5m for the project, which is located in County Donegal.
Beam Hill consists of eight Vestas V66 turbines that have been operational since November 2006.
Vestas will continue to manage the operations and maintenance contract.
The acquisition is being funded by the Greencoat Renewables’ €380m credit facility.
Greencoat said the acquisition brings its portfolio of operational wind assets to 461MW.
Greencoat Renewables investment manager Bertrand Gautier said: “We are pleased to announce the acquisition of Beam Hill wind farm, adding another high-quality wind asset to our portfolio.
“Beam Hill represents our first merchant wind farm acquisition and will allow Greencoat Renewables to explore different contracted power price structures, including the emerging Corporate PPA market in Ireland.”