Greencoat UK Wind has entered into a deal to acquire the 20MW Screggagh wind farm in Tyrone.
The UK-listed company will pay around £27m for the DW Consultancy project (pictured) which features N80/2500 turbines and was commissioned in 2011.
A deal is expected to be completed by the end of this week, Greencoat said.
Chairman Tim Ingram said: “We are delighted to announce the acquisition of Screggagh Wind Farm. Our structure and financing enable us to investigate a wide range of deal sizes from all vendors in the market, allowing us to select only the most value accretive assets.”
The company also said it “does not expect any material change to its business as a result of the UK exiting the EU”.
“Being solely UK focused and deliberately low-risk, all of the company’s assets and liabilities are inside the UK and sterling denominated. In addition, the regulatory regime under which the assets operate is robust, longstanding and rooted in UK legislation,” it said.
Image: Screggagh wind farm
