Greencoat Buys Two U.K. Wind Farms for 96 Million Pounds

Greencoat U.K. Wind Plc, a fund that raised 260 million pounds ($442 million) through an initial share sale in London last year, agreed to buy two wind farms for 96.2 million pounds.

Greencoat will buy an 18.4-megawatt project in Aberdeenshire in Scotland from a unit of BayWa AG for 43.3 million pounds, it said in an e-mailed statement today. It will buy a second, 24-megawatt project in Wales from Velocita Energy Developments Ltd. Both started working last year and the acquisitions are due to be complete on June 30.

To contact the reporter on this story: Louise Downing in London at

To contact the editors responsible for this story: Reed Landberg at Alex Devine, Rob Verdonck

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.