"We are proud to add Ballycadden Wind Farm to our portfolio. It is a clear demonstration of the commitment of us and our owners to expand our business internationally," said Peter Wesslau, CEO of Rabbalshede Kraft.
The wind farm consists of nine turbines, with an annual production of approximately 66.9 GWh, and supplies some 14,000 Irish households ever year.
The wind farm has been operational since 2013, and has a 15-year power purchase agreement (PPA) with the Irish energy company Energia Group.
Rabbalshede Kraft is taking over Ballycadden Wind Farm from its owners TD Greystone Infrastructure Fund (TD GIF), which has been the majority owner of the farm since 2015.
Ballycadden was our Fund's first investment in Europe nearly ten years ago, and this evolution and expansion of Rabbalshede Kraft through this transaction represents the growth we've seen across the continent for our Fund where we now operate in 5 countries across multiple sectors”, said Jeff Mouland, Managing Director and Head of Global Infrastructure Investments.
Rabbalshede Kraft will be a co-owner along with nine local landowners.
Operation and maintenance will continue to be handled by Ireland-based EnergyPro.
