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Greencoat UK Wind Acquires Tom nan Clach Wind Farm in Scotland
Thursday 11 October 2018

11 October 2018 - UK-based wind farm investor Greencoat UK Wind plc (LSE: UKW) has entered into an agreement to acquire Belltown Power's 75% stake in Tom nan Clach wind farm for a headline consideration of GBP 126m (USD 96.54m), the group said.

Tom nan Clach is located in Nairnshire, Scotland, and is currently in the final stages of construction.

The transaction is scheduled to complete in July 2019, 30 days after the commencement of commercial operations.
Tom nan Clach was originally developed by Infinergy and is being constructed by Belltown Power. The project will benefit from a 15 year Contract for Difference of GBP 91.14 (2018 real, CPI indexed) and, once complete, will comprise 13 Vestas V112 turbines, restricted to 39.1mw connection capacity.

The forecast net load factor is 48% (as a percentage of 39.1mw).
Greencoat UK Wind is a renewable infrastructure fund, invested in 30 operating UK wind farms with net generating capacity of 785mw.
Date Published: 11/10/2018
Target: Tom nan Clach wind farm/75% stake
Country: UK
Deal Size: 96.54m (USD)
Sector: Alternative Energy
Type: LBO
Financing: Cash
Status: Agreed
Vendor: Belltown Power
Buyer: Greencoat UK Wind