Greencoat UK Wind PLC announced that it has entered into an agreement with Vattenfall Wind Power Ltd. (‘Vattenfall’) to acquire South Kyle wind farm for a headline consideration of £320 million, which will be due upon completion, scheduled for first quarter 2023, once the wind farm commences commercial operations. South Kyle is located 5km to the east of Dalmellington on the boundary of Dumfries & Galloway and East Ayrshire in Scotland. It will consist of 50 turbines with aggregate generating capacity of 240MW and a grid connection of 235MW. The wind farm is fully consented. South Kyle is a subsidy free wind farm and it has entered into a route-to-market PPA with Vattenfall Energy Trading GmbH for the 15 years following commissioning. Vattenfall will construct the wind farm and will manage the asset on behalf of Greencoat UK for a minimum of 10 years once operational. In addition to supporting the local economy through new jobs created, once operational, the wind farm will provide £38 million of direct investment into local schemes through its community benefit programme over the lifetime of the wind farm.