Coillte Announce the Successful Sale of our Share of our Operating Wind farms to Greencoat Renewables
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
