The Renewables Infrastructure Acquires Garreg Lwyd Hill Wind Farm in UK from Renewable Energy Systems for USD129 Million

Published: May 17 2017
Deal Summary

The Renewables Infrastructure Group Limited, a renewable energy infrastructure investment company, has acquired Garreg Lwyd Hill wind farm situated in Powys, Wales, UK from Renewable Energy Systems Holdings Ltd, a renewable energy company, for a purchase consideration of GBP100 million (USD129.07 million) including working capital and subject to small contingent post-close adjustments. The total installed capacity of the wind farm is 34 MW comprising 17 Vestas V100 turbines with an installed capacity of 2 MW each. The transaction implies a deal value of USD3.79 million per MW.

The wind farm has a long-term O&M agreement with Vestas Wind Systems A/S, which includes production performance incentives, and a power purchase agreement (PPA) with Shell Energy.

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