17 May 2023

McCann FitzGerald LLP Advises Greencoat Renewables on Completion of the Acquisition of the 38MW Cloghan Wind Farm

We advised Greencoat Renewables plc on completion of the acquisition of the Cloghan windfarm (38 MW) in County Offaly, under a forward sale model, from Statkraft, having previously advised Greencoat on the acquisition of the Taghart windfarm (25.2MW) in County Cavan, from Statkraft, in December 2022.

Both windfarms benefit from 15-year fixed price contracts, secured under the recent Renewable Energy Support Scheme 1 (RESS 1) auction. Statkraft will continue to provide trading and operational management services for the assets.

The McCann FitzGerald LLP team was led by John Neeson and Donncha Sexton, with assistance from Valerie Lawlor, Brendan Slattery, Donal O’Raghallaigh, Alan Heuston, James Quirke and their specialist teams.

Congratulations to all in Greencoat and Statkraft.

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