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Viridian Group acquires two windfarms in Northern Ireland

27 October 2016 – Viridian Group has acquired 100 percent of the ownership interests in two windfarm development projects in Northern Ireland. Construction on the two windfarms, with combined generating capacity of 43 megawatts, will start later this year with commercial operations expected in 2018. These facilities will increase Viridian’s total renewables capacity which, including long-term contracts with third-party producers, is over one gigawatt.
“These acquisitions are consistent with our medium-term strategy to grow our wind generation portfolio to 300 megawatts.” said Ian Thom, Viridian Group Chief Executive Officer. “When added to the 246 megawatts of wind assets operational or under construction, these windfarms represent substantial progress towards this target.”
Gautam Bhandari, Partner at I Squared Capital, said, “Viridian Group continues to cement its position as Ireland’s leading independent integrated energy business. We are delighted that, under I Squared Capital’s ownership, Viridian has further strengthened its renewables business and green energy focus with these bolt-on acquisitions.”
About Viridian Group: Viridian is the leading independent energy company in the all-Ireland market. With an annual turnover of circa €2 Billion, the Viridian Group is one of Ireland’s Top 50 Businesses. For more information please visit www.viridiangroup.co.uk.
About I Squared Capital: I Squared Capital is an independent global infrastructure investment manager focusing on energy, utilities, and transport in the Americas, Europe, and select high growth economies. The Firm has offices in New York, Houston, London, New Delhi, Hong Kong and Singapore.
For further information please contact:
Viridian Group Corporate Communications
Tel. +442890383765
Website: www.viridiangroup.co.uk or www.viridiangroup.ie
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