Renewable energy investor Greencoat Renewables has bought Beam Hill wind farm, a 14.0MW wind farm in Co Donegal for €10.5m.
The company said this brings its portfolio of operational wind assets to 461MW.
The wind farm, which is located in Buncrana, consists of eight Vestas V66 turbines that have been operational since November 2006.
Vestas will continue to manage the operations and maintenance contract.
Greencoat said it is funding the deal through its €380m credit facility.
“Beam Hill represents our first merchant wind farm acquisition and will allow Greencoat Renewables to explore different contracted power price structures”, commented Bertrand Gautier, the company’ investment manager told RTE.
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