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{{short description|Irish renewable energy investment company}}
{{short description|Irish renewable energy investment company}}
{{distinguish|Greencoat UK Wind}}
{{Use dmy dates|date=June 2020}}
{{Use dmy dates|date=June 2020}}
{{Infobox company
{{Infobox company
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| image_caption =
| image_caption =
| type = [[Public company|Public]]
| type = [[Public company|Public]]
| traded_as = {{lse|GRP}}<br>
| traded_as = {{EuronextDublin|GRP|IE00BF2NR112|XESM}}<br />{{AIM|GRP}}<br />[[ISEQ 20]] component
⚫
| ISIN = {{ISIN|sl=n|pl=y|IE00BF2NR112}}
{{ise|GRP}}
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| ISIN = IE00BF2NR112
| industry = Wind and Renewable Energy
| industry = Wind and Renewable Energy
| predecessor =
| predecessor =
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| num_employees_year =
| num_employees_year =
| subsid =
| subsid =
| website = {{URL|https://www.greencoat-renewables.com/}}
| website = {{URL|https://www.greencoat-renewables.com}}
}}
}}
'''Greencoat Renewables PLC''' ({{lse|GRP}})({{ise|GRP}}) is an Irish investment company investing in primarily Irish and Euro denominated European wind farms and renewable energy infrastructure. Established in 2017, it is listed on the London Stock Exchange and [[Irish Stock Exchange]] and is a constituent member of the [[ISEQ 20]]. Greencoat Capital LLP acts as investment manager to Greencoat Renewables PLC.<ref name="Greencoat Renewables">{{cite web |title=Corporate Interview: Greencoat Renewables |url=https://cantorfitzgerald.ie/corporate-interview-greencoat-renewables/ |website=cantorfitzgerald.ie |accessdate=27 June 2020}}</ref><ref name="FT Business Profile">{{cite web |title=Greencoat Renewables PLC GRP:ISE |url=https://markets.ft.com/data/equities/tearsheet/summary?s=GRP:ISE#:~:text=Greencoat%20Renewables%20PLC%20is%20an,approximately%20528%20megawatts%20(MW). |website=ft.com |publisher=Financial Times |accessdate=27 June 2020}}</ref><ref name="Greencoat">{{cite web |last1=Gleeson |first1=Colin |title=Greencoat Renewables buys French wind assets for €30.3m |url=https://www.irishtimes.com/business/energy-and-resources/greencoat-renewables-buys-french-wind-assets-for-30-3m-1.4209679 |website=irishtimes.com |publisher=The Irish Times |accessdate=27 June 2020}}</ref>
'''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 Index|FTSE 250]].<ref>{{Cite web |title=London Stock Exchange {{!}} London Stock Exchange |url=https://www.londonstockexchange.com/stock/GRP/greencoat-renewables-plc/company-page |access-date=2024-08-28 |website=www.londonstockexchange.com}}</ref> Greencoat Capital LLP acts as investment manager to Greencoat Renewables PLC and its sister company [[Greencoat UK Wind]].<ref name="Greencoat Renewables">{{cite web |title=Corporate Interview: Greencoat Renewables |url=https://cantorfitzgerald.ie/corporate-interview-greencoat-renewables/ |website=cantorfitzgerald.ie |date=11 July 2019 |access-date=27 June 2020}}</ref><ref name="FT Business Profile">{{cite web |title=Greencoat Renewables PLC GRP:ISE |url=https://markets.ft.com/data/equities/tearsheet/summary?s=GRP:ISE#:~:text=Greencoat%20Renewables%20PLC%20is%20an,approximately%20528%20megawatts%20(MW). |website=Financial Times |access-date=27 June 2020}}</ref><ref name="Greencoat">{{cite web |last1=Gleeson |first1=Colin |title=Greencoat Renewables buys French wind assets for €30.3m |url=https://www.irishtimes.com/business/energy-and-resources/greencoat-renewables-buys-french-wind-assets-for-30-3m-1.4209679 |website=irishtimes.com |publisher=The Irish Times |access-date=27 June 2020}}</ref>


== History ==
The company had a market capitalisation of €747.3m as at 31 December 2019 and produced 1,154GWh from its 15 Irish wind farms in the year to 31 December.<ref name="AR 2019">{{cite web |title=Annual Report 2019 |url=https://www.greencoat-renewables.com/~/media/Files/G/Greencoat-Renewables/documents/reports-publications/2020/191231%20Greencoat%20Renewables%20Plc%20Annual%20Report%20-%20FINAL.pdf |website=greencoat-renewables.com |accessdate=27 June 2020}}</ref>
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.<ref name="AR 2019">{{cite web |title=Annual Report 2019 |url=https://www.greencoat-renewables.com/~/media/Files/G/Greencoat-Renewables/documents/reports-publications/2020/191231%20Greencoat%20Renewables%20Plc%20Annual%20Report%20-%20FINAL.pdf |website=greencoat-renewables.com |access-date=27 June 2020}}</ref>


In October 2020, the company revealed that purchase of the An Cnoc wind farm in [[County Tipperary]], Ireland had been completed.<ref>{{Cite web|title=Greencoat Renewables buys Tipperary wind farm, closes €200m term loan|url=https://www.independent.ie/business/irish/greencoat-renewables-buys-tipperary-wind-farm-closes-200m-term-loan-39658679.html|access-date=2020-10-23|website=independent}}</ref> In November 2020, the company announced a placing of new shares aimed at raising approximately €100m for the company.<ref name=":0">{{Cite journal |date=2020-11-26 |title=Greencoat Renewables to raise €100m in share placing |url=https://www.rte.ie/news/business/2020/1126/1180573-greencoat-renewables-share-placing/ |journal=RTE News}}</ref>
The company is not to be confused with [[Greencoat UK Wind]] ({{lse|UKW}}) which was established by Greencoat Capital in 2012 as a Sterling denominated renewable energy investment vehicle prior to the establishment of Greencoat Renewables PLC.

In May 2022, it was announced Greencoat had acquired four onshore wind farms in France from the [[Switzerland|Swiss]] energy company, [[Axpo Holding|Axpo]].<ref name=":0" />

In August 2024, Greencoat acquired a 50 per cent share in the 80.5 MW South Meath Solar Farm in [[County Meath]] from [[Statkraft]].<ref>{{Cite web |date=2024-08-07 |title=Greencoat Renewables acquires Irish solar farm, enters long-term PPA |url=https://www.pv-magazine.com/2024/08/07/greencoat-renewables-acquires-irish-solar-farm-enters-long-term-ppa/ |access-date=2024-08-28 |website=pv magazine International}}</ref>

== Operations ==

=== United Kingdom ===
As of April 2024, the company oversees 49 wind farms in the UK, with over half of them under its sole ownership.<ref name=":1">{{Cite web |last=Almeida |first=Lauren |date=2024-08-28 |title=Trends are blowing in right direction for Greencoat UK Wind |url=https://www.thetimes.com/business-money/markets/article/trends-are-blowing-in-right-direction-for-greencoat-uk-wind-8xg0h9qg0 |access-date=2024-08-28 |website=[[The Times]]}}</ref> It holds a 12.5 per cent stake in the [[Hornsea Wind Farm|Hornsea One Wind Farm]], which is located 75 miles into the [[North Sea]].<ref name=":1" /><ref>{{Cite web |last=Ellichipuram |first=Umesh |date=2022-08-29 |title=Greencoat UK Wind acquires stake in Hornsea One offshore wind farm |url=https://www.power-technology.com/news/greencoat-uk-wind-hornsea/ |access-date=2024-08-28 |website=Power Technology}}</ref> Greencoat’s combined portfolio generates around 1.5 per cent of UK domestic electricity demand.<ref name=":1" />


==References==
==References==
{{reflist}}
{{reflist}}

==External links==
* {{official|https://www.greencoat-renewables.com}}


{{ISEQ 20 companies}}
{{ISEQ 20 companies}}

{{authority control|state=expanded}}

[[Category:Irish companies established in 2017]]
[[Category:Companies listed on Euronext Dublin]]
[[Category:Companies in the ISEQ 20]]
[[Category:Companies listed on the Alternative Investment Market]]
[[Category:Companies based in Dublin (city)]]


{{Ireland-company-stub}}
{{Finance-company-stub}}

Latest revision as of 23:19, 21 December 2024

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

[edit]

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

[edit]

United Kingdom

[edit]

As of April 2024, the company oversees 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

[edit]
  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". The Times. 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.
[edit]


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