Carson McDowell advises shareholders of Simple Power in sale to the Foresight Group
17 October 2018
Carson McDowell are delighted to have acted for the shareholders of Simple Power Limited in respect of its sale to the Foresight Group, a UK infrastructure and private equity investment manager.
Simple Power Limited has a portfolio of 52 sub 250KW single wind turbines located across Northern Ireland. The 52 wind turbines are fully operational and qualify for participation in the recently launched I-SEM market in Ireland.
Neasa Quigley described the transaction as "significant" and said "the sale is testament to the quality of the portfolio developed and operated by Simple Power with the backing of its largest shareholder, award-winning local construction company Heron Bros”.
James Taggart, investment manager of Foresight said: “Simple Power Limited’s wind portfolio is a fantastic acquisition with a volume of well positioned and operational single wind turbines around Northern Ireland. We look forward to working closely with the Simple Power management team to continue the portfolio’s success”.