Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGreencoat Renewables Share News (GRP)

Share Price Information for Greencoat Renewables (GRP)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.864
Bid: 0.852
Ask: 0.88
Change: 0.00 (0.00%)
Spread: 0.028 (3.286%)
Open: 0.854
High: 0.864
Low: 0.854
Prev. Close: 0.866
GRP Live PriceLast checked at -
Greencoat Renewables is an Investment Trust

To provide attractive risk-adjusted returns to shareholders through annual dividend increase and capital value growth by investing in renewable energy generation assets within the Eurozone, focus on Ireland.

Find out More

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Greencoat Renewables 2018 Sees Assets Rise; Issues 100 Million Shares (ALLISS)

Mon, 04th Mar 2019 11:34

LONDON (Alliance News) - Greencoat Renewables PLC said Monday its net assets increased 50% in 2018 and, separately, will issue 100 million new shares under its issuance programme launched in July.

The programme will span across 12 months and will see up to 250 million shares placed in a number of tranches. The proceeds from this tranche will be used to refinance the company's revolving credit facility, allowing for further acquisitions.

The shares will be issued through a placing, at EUR1.055 each, to institutional investors. Shares in Greencoat Renewables were down 0.7% Monday at EUR1.08 each.

Davy and RBC Europe are acting as joint bookrunners and Commerzbank is acting as co-lead manager for the placing.

Separately, the Irish renewable infrastructure fund said it net assets increased 50% in 2018 to EUR392.8 million from EUR260.9 million in 2017.

The fund's NAV per share at December 31 was 7.0% higher at 103.4 euro cents compared to 96.6 cents the year before. The fund issued 110 million shares during the period.

Greencoat Renewables paid a 6.0 cents dividend in 2018, more than double the 2.61 cents distributed in 2017.

The investment managers, Bertrand Gautier and Paul O'Donnell, said they are "very pleased" with the milestones achieved in 2018, "significantly" transforming the company.

Gautier and O'Donnell said: "In the past 12 months, Greencoat Renewables has demonstrated the strength of all aspects of its business model through acquiring value accretive assets in the secondary market, ensuring the portfolio performed to target availability, raising further equity in an oversubscribed issuance, and increasing its available debt financing.

"The addition of 247 megawatts of high-quality generating capacity to our 137 megawatt seed portfolio has diversified and brought economies of scale to the business, continued to deliver strong cashflows, and demonstrated the resilience of the dividend cover, even in a low wind year with below average gearing."

Chair Ronan Murphy said: "The Irish wind market remains very attractive with a stable and supportive regulatory regime. Irish wind farms benefit from up to 15 years of inflation-linked floor prices under the REFIT regime, while allowing wind farms to capture prices above the floor. Wind remains the dominant renewable technology and the group is in an excellent position to benefit as wind becomes an increasing proportion of Ireland's generation mix."

More News
6 Oct 2020 08:29

PM to unveil plan to power UK with wind by 2030

(Sharecast News) - UK Prime Minister Boris Johnson will unveil a plan to power all homes in the country with offshore wind power by 2030 on Tuesday.

Read more
5 Oct 2020 19:40

UK EXECUTIVE CHANGE SUMMARY: Carclo Sees No Need For CEO After Review

UK EXECUTIVE CHANGE SUMMARY: Carclo Sees No Need For CEO After Review

Read more
14 Sep 2020 18:01

IN BRIEF: Greencoat Renewables NAV Dips, Virus Hits Electricity Demand

IN BRIEF: Greencoat Renewables NAV Dips, Virus Hits Electricity Demand

Read more
7 Sep 2020 16:03

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
21 Aug 2020 16:00

UK Dividends Calendar - Next 7 Days

UK Dividends Calendar - Next 7 Days

Read more
8 Jul 2020 15:10

Greencoat snaps up 50% stake in Irish wind farm

(Sharecast News) - Greencoat Renewables has snapped up a 50% stake in Ireland's Carrickallen Wind Farm, the listed investment firm announced on Wednesday.

Read more
8 Jul 2020 12:01

Greencoat Renewables Purchases 50% Of Wind Farm From Galetech Group

Greencoat Renewables Purchases 50% Of Wind Farm From Galetech Group

Read more
2 Jul 2020 08:30

UK should kickstart economy with green projects, says IMF

(Sharecast News) - The British government should attempt to kickstart the economy and create jobs using green projects, said the International Monetary Fund's chief economist.

Read more
12 Jun 2020 11:49

Greencoat Renewables adds French wind farms to portfolio

(Sharecast News) - Renewable infrastructure investment company Greencoat Renewables has acquired a 51.9MW portfolio of wind farms in France, it announced on Friday.

Read more
22 Apr 2020 16:03

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

Read more
23 Mar 2020 10:33

John Laing Sells French Wind Portfolio To Greencoat Renewables

John Laing Sells French Wind Portfolio To Greencoat Renewables

Read more
2 Mar 2020 10:08

Greencoat Renewables 2019 Assets Value Falls, Mulls Nordic Expansion

Greencoat Renewables 2019 Assets Value Falls, Mulls Nordic Expansion

Read more
24 Feb 2020 16:02

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
21 Feb 2020 16:06

UK Dividends Calendar - Next 7 Days

UK Dividends Calendar - Next 7 Days

Read more
17 Feb 2020 10:59

Greencoat Renewables Buys Wind Farm In Ireland For EUR35 Million

Greencoat Renewables Buys Wind Farm In Ireland For EUR35 Million

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.