Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGreencoat Renewables Regulatory 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

German offshore acquisition & forward sale update

3 Jan 2023 07:00

RNS Number : 4058L
Greencoat Renewables PLC
03 January 2023
 

 

 

Acquisition in German offshore wind and closing of existing forward sale commitments in Ireland and Finland

 

Transaction brings total installed capacity to 1228MW

 

Dublin, London, 3rd January 2023: Greencoat Renewables PLC ("Greencoat Renewables") announces an agreement to acquire 22.5% of the Butendiek offshore wind farm in Germany from Marguerite Pantheon.

 

The wind farm is located in Germany's exclusive economic zone in the North Sea and consists of 80 Siemens Gamesa 3.6MW turbines that have been operational since 2015. Butendiek benefits from a fixed-price FiT until December 2023. After this period, the project benefits from a floor price for the electricity sold until December 2035, providing the opportunity for exposure to the emerging European Corporate PPA market. The transaction is subject to regulatory approval and is expected to close in Q1 2023.

 

Separately, Greencoat Renewables has now completed the acquisition of the 25MW Taghart wind farm in Ireland as well as the 45MW Kokkoneva wind farm in Finland. Both assets were acquired under a forward sale commitment.

 

Post-acquisition of Butendiek, Greencoat Renewables' total borrowings will stand at c. 47% of Gross Asset Value.

 

Bertrand Gautier, Investment Manager said:

 

"We are pleased to make this acquisition which consolidates Greencoat Renewables' market position in the German offshore wind sector. This acquisition will also contribute to the diversification of Greencoat Renewables' European portfolio whilst bringing further strong contracted cash flows.

 

The acquisition of Butendiek demonstrates Greencoat Renewables' commitment to the European offshore wind sector, which plays an increasing role in providing cost-competitive, decarbonated and reliable electricity. We believe the sector will continue to offer attractive investment opportunities in the near future."

 

 

--- ENDS ---

 

 

 

For further details contact:

Schroders Greencoat LLP (Investment Manager)

Bertrand Gautier

Paul O'Donnell

Tom Rayner

+44 20 7832 9400

 

 

FTI Consulting (Investor Relations & Media)

Melanie Farrell

Orla Cox

greencoat@fticonsulting.com

 

Davy (Broker, NOMAD and Euronext Growth Adviser)

Barry Murphy

Ronan Veale

+353 1 679 6363

 

RBC Capital Markets (Joint Broker)

Matthew Coakes

Elizabeth Evans

+44 20 7653 4000

 

About Greencoat Renewables PLC

Greencoat Renewables PLC is an investor in euro-denominated renewable energy infrastructure assets. Initially focused solely on the acquisition and management of operating wind farms in Ireland, the Company is now also investing in wind and solar assets in certain other European countries with stable and robust renewable energy frameworks. It is managed by Schroders Greencoat, an experienced investment manager in the listed renewable energy infrastructure sector.

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
ACQEAXFAESKDEFA
Date   Source Headline
29th Apr 20212:00 pmRNSResult of AGM
29th Apr 202112:30 pmRNSNet Asset Value and Dividend Declaration
1st Apr 20217:00 amRNSAcquisition of 35.6MW Glencarbry Wind Farm
31st Mar 20217:00 amRNSNotice of AGM
10th Mar 202110:37 amRNSUpdate on Migration of GRP Shares
8th Mar 20219:25 amRNSHolding(s) in Company
1st Mar 20217:00 amRNSFinal Results Announcement
26th Feb 20217:00 amRNSAgreement to Acquire 89.6MW Cordal Wind Farm
15th Feb 20217:00 amRNSFirst transaction in Nordic Market
1st Feb 20217:00 amRNSNotice of Results
28th Jan 20213:00 pmRNSResult of EGM
28th Jan 20211:00 pmRNSNet Asset Value and Dividend Declaration
4th Jan 202110:16 amRNSHolding(s) in Company
4th Jan 20217:00 amRNSTotal Voting Rights
21st Dec 20207:00 amRNSAgreement to acquire Cloghan & Taghart windfarms
18th Dec 20207:00 amRNSNotice of Extraordinary General Meeting
14th Dec 202010:35 amRNSHolding(s) in Company
11th Dec 20206:05 pmRNSHolding(s) in Company
11th Dec 20205:46 pmRNSHolding(s) in Company
11th Dec 20205:41 pmRNSHolding(s) in Company
10th Dec 202011:00 amRNSDirector/PDMR Shareholding
10th Dec 202011:00 amRNSDirector/PDMR Shareholding
8th Dec 20207:00 amRNSResult of Placing
26th Nov 20207:00 amRNSLaunch of Placing
20th Nov 20205:53 pmRNSHolding(s) in Company
29th Oct 20203:00 pmRNSNet Asset Value and Dividend Declaration
23rd Oct 20207:00 amRNSAcquisition and New Term Loan
13th Oct 20201:11 pmRNSHolding(s) in Company
12th Oct 20205:24 pmRNSHolding(s) in Company
9th Oct 20207:00 amRNSResult of sale of shares in Greencoat Renewables
8th Oct 20204:40 pmRNSSale of existing shares in Greencoat Renewables
6th Oct 20205:29 pmRNSHolding(s) in Company
30th Sep 20204:30 pmRNSHolding(s) in Company
14th Sep 20207:00 amRNSInterim Results to 30 June 2020
10th Aug 20207:00 amRNSNotice of Results
6th Aug 20204:53 pmRNSHolding(s) in Company
30th Jul 20202:15 pmRNSNet Asset Value and Dividend Declaration
8th Jul 20209:58 amRNSGRP acquires 50% of Carrickallen Wind Farm
12th Jun 20207:00 amRNSGRP acquires 51.9MW of wind capacity in France
29th Apr 20203:06 pmRNSResult of AGM
29th Apr 20201:00 pmRNSNet Asset Value and Dividend Declaration
20th Apr 20207:00 amRNSRevised AGM Arrangements
1st Apr 20204:00 pmRNSChange of Name of Company Secretary
23rd Mar 20207:00 amRNSGRP to acquire 51.9MW of wind capacity in France
20th Mar 20207:00 amRNSNotice of AGM
3rd Mar 20201:11 pmRNSHolding(s) in Company
2nd Mar 20207:00 amRNSFinal Results Announcement
17th Feb 20207:00 amRNSGRP acquires 14.1MW Letteragh Wind Farm
10th Feb 20207:00 amRNSNotice of Results
30th Jan 20203:16 pmRNSNet Asset Value and Dividend Declaration

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

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.