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Not to be confused with Greencoat UK Wind.

Greencoat Renewables PLC
Company typePublic
Euronext Dublin: GRP
AIM: GRP
ISEQ 20 component
ISINIE00BF2NR112
IndustryWind and Renewable Energy
Founded2017
FoundersRichard Nourse
HeadquartersDawson Street,
Dublin
,
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

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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

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United Kingdom

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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

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  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.
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