Companies

Greencoat Renewables acquires additional stake in Butendiek offshore wind farm

The transaction consideration for the 22.5 per cent stake is around €168 million

Greencoat Renewables has acquired an additional 22.5 per cent stake in Butendiek windfarm

Greencoat Renewables is to acquire an additional 22.5 per cent stake in the Butendiek offshore wind farm from an affiliate of Siemens Pension Trust.

The transaction consideration for the 22.5 per cent stake is around €168 million, according to a statement from Greencoat.

Greencoat Renewables expects to make the acquisition together with additional funds managed by Schroders Greencoat LLP, with Greencoat Renewables’ total investment expected to be €122 million (72 per cent of the 22.5 ...