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Greencoat Renewables
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] HistoryThe 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] OperationsUnited KingdomAs 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
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