Greencoat Renewables has announced it has completed the sale of the 43.2 MW Kokkoneva wind farm located in Finland to Aneo, a Norwegian renewable energy company.
The sale of Kokkoneva, originally acquired in 2022 under a forward sale arrangement, is accretive to shareholders at a 6% premium to net asset value (NAV). The disposal is part of Greencoat Renewables' wider strategy to focus on more contracted cashflows, as well as providing further flexibility from a capital allocation perspective. The proceeds of the sale of Kokkoneva will be used to reduce the company's debt.
