Rubicon Closes on Sale of 104 MW Onshore Wind Farm in Ireland; SSE Renewables Agrees to Purchase Shovel-Ready Project from Green Wind Energy (Wexford) Ltd.
Rubicon Closes on Sale of 104 MW Onshore Wind Farm in Ireland; SSE Renewables Agrees to Purchase Shovel-Ready Project from Green Wind Energy (Wexford) Ltd.
DUBLIN, IRELAND, DECEMBER 19, 2019 – Rubicon Capital Advisors (“Rubicon”) is pleased to announce the sale of the Yellow River Wind Farm project, outside Rhode in Co Offaly, Ireland. The project, purchased by leading international developer and operator of renewable energy assets SSE Renewables, has already commenced on-site pre-construction works, with full construction works scheduled for 2020 and an expected 2022 completion date. Rubicon acted as exclusive Financial Advisor to the Seller, Green Wind Energy (Wexford) Ltd.
Rubicon Managing Director Barry O’Flynn stated that, “We are delighted to have had the opportunity to work with both Green Wind Energy (Wexford) Ltd. and SSE Renewables in delivering a project which will contribute significantly to Ireland’s growing renewable energy market, supports local job creation and reinforces the Irish Government’s 2030 climate commitments. This is a landmark transaction for the Irish market, given the size and quality of the Yellow River project and the clean, secure and competitively-priced electricity it will generate for the economy. As Ireland and other international markets strive to rapidly decarbonise their energy systems, Rubicon continues to focus on bringing project developers and global investors together in this critical sector.”
The project will support up to 80 full-time construction jobs, offset more than two million tons of carbon dioxide over its expected lifetime and generate enough electricity to power over 50,000 homes a year.
About Rubicon Capital Advisors
Rubicon is one of the world’s leading investment banking firms focused solely on the infrastructure, energy & utilities sectors. With offices in Europe, the Americas and Asia, along with further expansion plans in 2020, the firm has a truly global reach. Since inception in 2011, Rubicon has closed on the sale, acquisition or refinancing of over 100 essential infrastructure, energy & utilities assets located across Europe, North America, Latin America and Asia with a combined enterprise value in excess of USD $50 billion. The firm is regulated by the Central Bank of Ireland and its U.S. affiliate is a member of FINRA and SIPC and registered as a broker-dealer with the SEC. Learn more about the firm at: www.rubiconcapitaladvisors.com and by following Rubicon Capital Advisors on LinkedIn and Twitter.
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For additional media inquiries, contact:
Tom Weirich
T: +1 212 974 2615
E: tom.weirich@rubiconcapitalusa.com