Greencoat Renewables has acquired the Ballybane wind farm in County Cork, Ireland, from an unnamed independent local developer.
The 48.3MW project comprises 21 Enercon E-70 turbines and was bought for a total consideration of €61.3m.
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Greencoat Renewables portfolio rises to 251MW with the acquisition.
The company funded the purchase through its €250m credit facility.
Greencoat Capital partner Paul O’Donnell said: “Ballybane is a very attractive asset with significant generating capacity and a high load factor.
“The deal represents our fourth transaction with independent developers in 2018, and following the recent Coillte announcement, further evidences the ongoing opportunity in Ireland’s secondary wind market.”