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Gaelectric Holdings has announced that it has completed the purchase of the 46MW Cloghboola Wind Farm in Co. Kerry from Enercon for € 60 million utilising a  hybrid project financing structure arranged through Nord/LB.

Cloghboola Wind Farm commenced operations in 2015 and comprises 16 no. Enercon E-82 E4 turbines, each rated to generate 3MW of power. The Cloghboola purchase brings Gaelectric’s onshore portfolio of operating wind farms in Ireland towards the halfway point of its 2017 goal of 400MW of generating wind assets by 2017.

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