Greencoat UK Wind enters agreement to acquire 240 MW South Kyle Wind Farm project

Greencoat UK Wind Plc has entered into an agreement with Vattenfall Wind Power Ltd to acquire the zero-subsidy wind project in Scotland that has a generating capacity of 240 MW. 

The 240 MW South Kyle Wind Farm will be acquired for a total consideration of GBP320 million (US$398 million). The project consists of 50 wind turbines and is located near Dalmellington, Patna, New Cumnock, and Carsphairn. It has secured a 15-year route-to-market power purchase agreement (PPA) with Vattenfall Energy Trading GmbH. 

The deal will be paid once the project is completed by 2023.