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

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June 25 (Bloomberg) -- 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 ldowning4@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Alex Devine, Rob Verdonck