Coillte sells its operating wind farm assets to Greencoat Renewables plc for an Enterprise Value of €281m
- Equity price achieved of €136.1 million, above Coillte’s original target of €125 million
- Coillte had invested a total of €25m equity in these four wind farms over past 4 years
- Capital raised to be recycled back into the business focused on core forestry activities, co-funding of new wind development opportunities and other strategic opportunities
- Coillte will retain ownership of the land on which the wind farms are located delivering significant long term income for the company
Link to full press release
