Latest: Greencoat UK Wind gets GBP 450m in equity raise Its blades measure 80m long, providing a swept area of 21,124m, while its nacelle is 20m long, 8m . LSE-Greencoat UK Wind (UKW) is set to acquire a 15.7% stake in the project for a total cash consideration A number of pension funds investing through Greencoat . The offshore wind farm is equipped with 32 MHI Vestas V164-8.0MW wind turbines. PKA is selling its 25% stake in the UK offshore wind farm Burbo Bank Extension to asset manager Greencoat. UKW will acquire a net 15.7% stake in the wind farm for a total cash consideration of 250 . Search. PKA originally invested GBP 330 million in the UK offshore wind farm . Burbo Bank Extension offshore wind farm make-up. It was commissioned in July 2017, and comprises 32 Vestas V164 8.13 megawatts turbines and has a grid capacity . The project is locate. Tue, 2nd Nov 2021 10:31 . Greencoat UK Wind plc and Greencoat Renewable Income LP are funds managed by Greencoat Capital. GREENCOAT BURBO EXTENSION HOLDING (UK) LIMITED has 3 employees at this location and generates $78.45 million in sales (USD). Greencoat Capital-managed funds have emerged as the winning bidders for AIP-managed PKA's 25% stake in the 258MW Burbo Bank Extension offshore wind farm off the north-west coast of England, having lodged a circa GBP 400m offer. GREENCOAT BURBO EXTENSION HOLDING (UK) LIMITED is an active private limited company, incorporated on 3 February 2016. The offshore wind farm has a load factor of 43.8 per cent and benefits from a Contract for Difference (CfD) priced at GBP 176 . Greencoat UK Wind acquires Burbo offshore wind farm for GBP250 million; Greencoat UK Wind acquires Burbo offshore wind farm for GBP250 million. Global law firm Norton Rose Fulbright has advised Greencoat UK Wind plc and Greencoat Renewable Income LP on their acquisition of a 25 per cent stake in Burbo Bank Extension offshore wind farm from Danish pension fund PKA. The V164-8.0MW turbine is the biggest of its kind in the world, with a hub height of 105m and tip height of 187m. The transaction involves the sale of a 25% stake in the 258 MW Burbo Bank Extension offshore wind farm project off the coast of the UK. Developed and built by rsted, the project was fully commissioned in May 2017, when it became the first commercial wind farm to feature 8 MW turbines.. Greencoat UK Wind has agreed to acquire a 25% stake in the 258 MW Burbo Bank 2 offshore wind farm from AIP. In addition to the Burbo Bank Extension deal, the equity raising will help Greencoat UK Wind repay amounts drawn under an existing debt facility and fund "an attractive pipeline of investment opportunities." Once the acquisition is finalised, the UK fund will have invested in 41 wind farms with a combined capacity of over 1.3 GW, it noted. Greencoat UK Wind acquires Burbo offshore wind farm for GBP250 million. (Employees figure is estimated). The company's registered office is on Wilton Road, London. 11th April, 2017. The Burbo Bank Offshore Wind Farm is a 348 MW offshore wind farm located on the Burbo Flats in Liverpool Bay on the west coast of the UK in the Irish Sea.It consists of an original 90 MW wind farm commissioned in 2007 and a 258 MW extension completed in 2017. It was commissioned in July 2017, and comprises 32 Vestas V164 8.13 MW turbines and has a grid capacity of 258MW. Burbo Bank Extension is a 258 MW offshore wind farm located 7km off the coast of Liverpool in the UK. Located north of the Wirral in North-West England, Burbo Bank Extension is equipped with 32 wind turbines supplied by Vestas and has a 258MW grid capacity. 31st March, 2017. Burbo Bank Extension is located four miles north of the Wirral in North West England. . Start Date. The nature of the business is Other business support service activities n.e.c.. The deal is for a 25% stake in Burbo Bank Extension, which Greencoat UK Wind is acquiring in partnership with pension funds investing through Greencoat Renewable Income LP. Greencoat is in partnership with a number of pension funds investing through Greencoat Renewable Income LP, a fund also managed by Greencoat Capital. Greencoat will join rsted (50%) and KIRKBI (25%) as shareholders . The net proceeds of the issue are expected to be used to finance the acquisition of the stake in Burbo Bank Extension and to repay the amounts drawn under the Company's credit agreement. Date CFD Register Entry was Last Updated. Target Commissioning Window Start Date. Strike price. Behind the park, which was completed in 2017, are also rsted, which owns 50% of the park, and KIRKBI, which owns 25%. Target Commissioning Date. AIP Management is pleased to announce that it has successfully divested PKA's 25% stake in Burbo Bank Extension to the UK renewable fund manager Greencoat (on behalf of Greencoat UK Wind PLC and Greencoat Renewable Income LP) for a price of approximately GBP 400 million. rsted constructed the asset and is operating the asset while holding a 50% equity stake in the asset. Relevant Dates. Search the Library; Scroll one by one Company Description: GREENCOAT BURBO EXTENSION HOLDING (UK) LIMITED is located in LONDON, United Kingdom and is part of the Business Support Services Industry. Through the acquisition, to be completed on 30 November, Greencoat UK will take a net stake of 15.7 per cent in the wind farm for a total cash consideration of GBP 250 million (approximately 294 million), which will be funded using the companys revolving credit facility, cashflow and partly by the proceeds of a new equity raise launched on 2 November. Greencoat UK Wind plc, in partnership with Greencoat Renewable Income LP, is set to acquire a 25% stake in the 258 MW Burbo Bank wind farm extension from AIP, with UKW taking 15.7% for a total cash consideration of 250 million. All Research. GB :UKW (Alliance News) - Greencoat UK Wind PLC on Tuesday said it has agreed to acquire a 25% stake in Burbo Bank Extension offshore wind farm from AIP. AIP investor PKA holds a 25 per cent . The 258 MW Burbo Bank Extension, which comprises 32 Vestas 8 MW turbines, is located 7 kilometres offshore Liverpool. The asset became fully operational in 2017 and is now supplying renewable electricity to approximately 230,000 UK households. We have advised AIP Management P/S (AIP) on the sale of PKA's 25% equity interest in the Burbo Bank Extension offshore wind farm (BBE) to Greencoat Renewables PLC (on behalf of Greencoat UK Wind PLC and Greencoat Renewable Income LP) for a price of approximately 400 million. The project, consisting of 32 MHI Vestas Offshore Wind V164-8.0M. Burbo Bank Extension is located four miles north of the Wirral in North West England. The company's accounts were last made up to 31 December 2020, are next due on 30 September 2022, and fall under the accounts category: Full. Greencoat UK Wind PLC (LSE:UKW) has agreed to acquire a 15.7% stake in the Burbo Bank Extension offshore wind farm from AIP for 250mln. The consortium of companies led by Greencoat UK Wind Plc has entered into an agreement to acquire a 25% stake in the 258 MW Burbo Bank Extension offshore wind project from AIP. Home; Research. The offshore wind facility has been operational since 2017. Evelina Grecenko 2021-11-02 10:32. We have advised AIP on the sale of PKA's 25% equity interest in the Burbo Bank Extension offshore wind farm to Greencoat Renewables for a price of approximately 400 million. . 31st March, 2017. Burbo Extension Limited. NewsBreak provides latest and breaking news about #Burbo Bank Extension. Burbo Bank Extension Offshore Wind Farm. PKA is now selling its share of the park to Greencoat with a significant gain for the benefit of pension fund members. Greencoat UK has also announced an equity raise through an issue consisting of a placing, an open offer, an intermediaries offer, and an offer for subscription. Burbo Bank Extension is located four miles north of the Wirral in North West England. 1st December, 2021. . It was . Sign up for equity research Register Log-in Investor Type. The capital raise will also help fund Greencoat UK Wind's committed investments in the Windy Rig, Twentyshilling and Glen Kyllachy wind projects, which are currently being . Greencoat UK Wind plc is to acquire a 25% stake in Burbo Bank Extension offshore wind farm from AIP. The wind farm was developed in the 2000s by SeaScape Energy, which was acquired by DONG Energy (now rsted) in 2005. 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