Donegal business consortium made €80 million from wind farm sale
A group of businessmen and land-owners in Donegal netted about €80 million last year from the sale of their wind farm to Bord Gáis, writes Gavin Daly.
The semi-state body acquired Sorne Wind a year ago, but the price paid was not disclosed. It is now understood that Bord Gáis paid about €90 million for the project, which has 38.9 megawatts (MW) of wind power in operation. The price paid is above the industry average of €2 million per MW of wind power.
The bulk of the money went to Sorne’s developers, while private equity firm Hg Capital, which invested in...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month, €19.99 Monthly thereafter
*New subscribers only
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team