Renewable energy investor Greencoat UK Wind said it expected Brexit to make no material change to its business as it revealed a new £27 million acquisition in Northern Ireland.
The company has moved to add the Screggagh Wind Farm in County Tyrone to its portfolio.
The formalities of the deal are expected to complete later this week.
The array was the subject of a major investigation last year after one of its turbines buckled and collapsed to the ground.
The wind farm – which qualifies for subsidy under the UK Government’s renewables obligation certificate (ROC) scheme – was offline for more than month until the green light was given to resume operations.
The sale to Greencoat will increase the new owner’s overall net generating capacity to 420MW.
It has significant interests in Scotland where its portfolio includes stakes in eight wind fartms, including the massive Clyde array.
The Screggagh transaction includes the pre-payment of existing project debt and is being funded by £7m of cash and £20 milion drawn from from the revolving credit facility available to Greencoat.
The company also took the opportunity to note its response to the EU referendum Leave vote.
It said that being solely UK focused and risk averse in its strategy meant it it expected no material change to its business from the decision.
It added that the regulatory regime under which Greencoat’s assets operated was “robust, longstanding and rooted in UK legislation.”
Company chairman Tim Ingram said the firm was delighted to have added Screggagh to its portfolio.
“Our structure and financing enable us to investigate a wide range of deal sizes from all vendors in the market, allowing us to select only the most value accretive assets,” Mr Ingram told investors.
Following completion, Greencoat’s total outstanding debt is expected to be circa 28% of gross asset value, with the firm operating a leverage limit of 40%.