19 July 2022
McCann FitzGerald LLP advises Greencoat Renewables on its agreement to acquire a Solar Farm in County Meath
McCann FitzGerald LLP are pleased to have advised Greencoat Renewables on its agreement, under a forward sale model, to acquire a solar farm from Statkraft. The agreement relates to the South Meath solar farm (80.5 MW peak) in County Meath and represents Greencoat’s first acquisition of a solar farm in Ireland.
The acquisition will complete once the solar farm is fully operational, which is expected to occur in the fourth quarter of 2023. Greencoat Renewables will buy a 50% stake in the solar farm, with the other 50% bought by a pension fund, investing through a fund also managed by Greencoat Capital LLP.
We would like to extend our congratulations to the Greencoat Renewables plc and Statkraft teams.
The team was led by John Neeson and Valerie Lawlor along with Sinéad Martyn, Phil Flaherty, Donncha Sexton and Suvi Ronan.