| 15.4°C Belfast

John Laing to sell windfarm in Tipperary

Close

'John Laing Investments has appointed Augusta & Co to handle the sale of the Glencarbry wind farm in Co Tipperary, and intends to complete a sale by the first quarter of 2018' (stock photo)

'John Laing Investments has appointed Augusta & Co to handle the sale of the Glencarbry wind farm in Co Tipperary, and intends to complete a sale by the first quarter of 2018' (stock photo)

'John Laing Investments has appointed Augusta & Co to handle the sale of the Glencarbry wind farm in Co Tipperary, and intends to complete a sale by the first quarter of 2018' (stock photo)

John Laing Investments, a unit of the UK-listed infrastructure group John Laing, has put a 36MW windfarm in Co Tipperary up for sale.

The planned sale comes as Greencoat Renewables said yesterday it paid a total of €88.4m (£78.5m) for a 36MW windfarm in Co Kerry that's currently undergoing commissioning.

John Laing Investments has appointed Augusta & Co to handle the sale of the Glencarbry wind farm in Co Tipperary, and intends to complete a sale by the first quarter of 2018.

Industry publication 'SparkSpread', which first reported the planned Glencarbry sale, said the wind farm was commissioned in August and has €47m (£41.7m) in debt attached to it.

Last year, John Laing entered an agreement with Dublin energy trading firm ElectroRoute to sell the output of Glencarbry, according to 'SparkSpread'.

Greencoat Renewables said yesterday that it's buying the Dromadda More windfarm in Co Kerry from Impax Asset Management.

The windfarm will be operational in March.

Weekly Business Digest

Margaret Canning’s selection of the must-read business stories straight to your inbox every Tuesday morning

This field is required


Privacy