(Finance) – ERGa company listed on Euronext Milan and active in the production of electricity from renewable sources, has signed a Share Purchase Agreement (SPA) with BayWa re AG to acquire 100% of the shares of BayWa re UK (Jubilee) Limited, the company that owns Broken Cross Wind Farm Limited, owner of a 43.2 MW onshore wind farm in South Lanarkshire, Scotland.
The park, entered into operation during the fourth quarter of 2024consists of nine Nordex N133 turbines of 4.8 MW each and benefits from a Contract for Difference (CfD) awarded in the AR4 auction lasting 15 years in line with the revenue securitization strategy pursued by the Group. Annual production is estimated at approximately 120 GWh, corresponding to 46 kt of CO2 emissions avoided each year, equal to the needs of over 28,000 families.
THE’enterprise value of the transaction amounts to £60 million and the closing of the transaction is expected by January 2025.
“With the acquisition of Broken Cross ERG further consolidates its presence in the United Kingdom, a central country in the Group’s growth and geographical diversification strategy, where we will reach a total installed capacity of almost 300 MW in addition to 47 MW under construction – said the ‘CEO Paolo Merli – The plant will contribute to the group’s results as early as 2025 and, thanks to its proximity to our plants, will ensure operational synergies.”