Greencoat Buys U.K. Wind Farms From BayWa of Germany After IPO
This article is for subscribers only.
Greencoat U.K. Wind Plc, the fund that held Britain’s biggest clean-energy initial public offering this year, agreed to buy two wind farms from BayWa AG.
Greencoat is financing the 70 million-pound ($113 million) purchase using cash and short-term debt, the London-based company said today in a statement. The deal includes the 16.4-megawatt Cotton Farm and the 10.25-megawatt Earl’s Hall plant, both located in eastern England and operating since March.