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Greencoat Renewables

Greencoat Renewables PLC
Company typePublic
Euronext DublinGRP
AIM: GRP
ISEQ 20 component
ISINIE00BF2NR112
IndustryWind and Renewable Energy
Founded2017
FoundersRichard Nourse
HeadquartersDawson Street, ,
Ireland
Area served
Europe
Key people
Paul O'Donnell and Bertrand Gautier
Websitewww.greencoat-renewables.com

Greencoat Renewables PLC is an Irish investment company investing in primarily Irish and Euro-denominated European wind farms and renewable energy infrastructure. Founder in 2017, its primary listing is on the Irish Stock Exchange, where it is a constituent of the ISEQ 20 index, but is also listed on the London Stock Exchange on the FTSE 250.[1] Greencoat Capital LLP acts as investment manager to Greencoat Renewables PLC and its sister company Greencoat UK Wind.[2][3][4]

History

The company had a market capitalisation of €747.3 million as at 31 December 2019 and produced 1,154GWh from its 15 Irish wind farms in the year to 31 December.[5]

In October 2020, the company revealed that purchase of the An Cnoc wind farm in County Tipperary, Ireland had been completed.[6] In November 2020, the company announced a placing of new shares aimed at raising approximately €100m for the company.[7]

In May 2022, it was announced Greencoat had acquired four onshore wind farms in France from the Swiss energy company, Axpo.[7]

In August 2024, Greencoat acquired a 50 per cent share in the 80.5 MW South Meath Solar Farm in County Meath from Statkraft.[8]

Operations

United Kingdom

As of April 2024, the company overseas 49 wind farms in the UK, with over half of them under its sole ownership.[9] It holds a 12.5 per cent stake in the Hornsea One Wind Farm, which is located 75 miles into the North Sea.[9][10] Greencoat’s combined portfolio generates around 1.5 per cent of UK domestic electricity demand.[9]

References

  1. ^ "London Stock Exchange | London Stock Exchange". www.londonstockexchange.com. Retrieved 28 August 2024.
  2. ^ "Corporate Interview: Greencoat Renewables". cantorfitzgerald.ie. 11 July 2019. Retrieved 27 June 2020.
  3. ^ "Greencoat Renewables PLC GRP:ISE". Financial Times. Retrieved 27 June 2020.
  4. ^ Gleeson, Colin. "Greencoat Renewables buys French wind assets for €30.3m". irishtimes.com. The Irish Times. Retrieved 27 June 2020.
  5. ^ "Annual Report 2019" (PDF). greencoat-renewables.com. Retrieved 27 June 2020.
  6. ^ "Greencoat Renewables buys Tipperary wind farm, closes €200m term loan". independent. Retrieved 23 October 2020.
  7. ^ a b "Greencoat Renewables to raise €100m in share placing". RTE News. 26 November 2020.
  8. ^ "Greencoat Renewables acquires Irish solar farm, enters long-term PPA". pv magazine International. 7 August 2024. Retrieved 28 August 2024.
  9. ^ a b c Almeida, Lauren (28 August 2024). "Trends are blowing in right direction for Greencoat UK Wind". www.thetimes.com. Retrieved 28 August 2024.
  10. ^ Ellichipuram, Umesh (29 August 2022). "Greencoat UK Wind acquires stake in Hornsea One offshore wind farm". Power Technology. Retrieved 28 August 2024.


This information is adapted from Wikipedia which is publicly available.

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