Two new wind farms in operation for Greencoat

Greencoat UK Wind has completed commissioning of two ‘subsidy-free’ wind farms together totalling nearly 100MW.
Windy Rig is a 43.2MW project near Castle Douglas in Dumfries & Galloway, which has 12 Vestas V112 3.6MW turbines. Glen Kyllachy is a 48.5MW project 11 miles south of Inverness with 20 Nordex N90 2.5MW turbines.
The two wind farm’s bring the company’s operating wind farms to 43, three of them subsidy-free and with a total generating capacity of 1,422MW. The acquisitions were first announced in October 2019 and December 2019, respectively, and both projects have been funded through reinvestment of excess cashflow and proceeds from the Equity Raise in November 2021.
An agreement with AXA to provide an 8-year £200 million debt facility will be used to repay the revolving credit facility and enable the company to continue realise its pipeline of opportunities in the UK wind farm market, onshore and offshore.

Leave a Reply

Your email address will not be published. Required fields are marked *


*