Gaelectric sale under pressure following Brexit outcome

Concerns exist over sterling volatility and uncertainty about North's energy market

17th July, 2016
Gaelectric Wind Farm at Roosky, Co. Roscommon

The sale of Gaelectric’s cross-border windfarm portfolio, which has been valued at between €250 million and €350 million, has come under pressure because of uncertainty caused by Brexit.

A number of sources close to potential bidders told The Sunday Business Post that while the company had good assets, concerns about sterling volatility and uncertainty about the energy market in Northern Ireland after Brexit was weighing on pricing.

Gaelectric declined to comment or even...

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