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{{distinguish|Greencoat UK Wind}}
{{short description|Irish renewable energy investment company}}
{{short description|Irish renewable energy investment company}}
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{{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
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| 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 =
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| subsid =
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| 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 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 |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>

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}}


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[[Category:Financial services company stubs]]
[[Category:Irish companies established in 2017]]
[[Category:Irish companies established in 2017]]
[[Category:Companies listed on Euronext Dublin]]
[[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)]]
[[Category:Companies based in Dublin (city)]]


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{{Ireland-company-stub}}
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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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