Trade Now

Capital at risk Advertisement
Share Name Share Symbol Market Type Share ISIN Share Description
Greencoat Renewables Plc LSE:GRP London Ordinary Share IE00BF2NR112 ORD EUR0.01 (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 1.13 1.125 1.135 10 08:01:52
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 93.0 71.1 9.3 12.2 1,006

Greencoat Renewables PLC Agreement to Acquire 65MW French Wind Portfolio

24/05/2022 9:13am

UK Regulatory (RNS & others)


Greencoat Renewables (LSE:GRP)
Historical Stock Chart


From Mar 2022 to Sep 2022

Click Here for more Greencoat Renewables Charts.

TIDMGRP

RNS Number : 5694M

Greencoat Renewables PLC

24 May 2022

Greencoat Renewables agrees to acquire 65MW onshore wind portfolio in France

Transaction will bring total installed capacity to 1,079MW [1]

Dublin, London, 24 May 2022 | Greencoat Renewables PLC ("Greencoat Renewables") announces an agreement to acquire a 65MW portfolio of operating wind farms in France from Axpo, Switzerland's largest producer of renewable energy.

The acquisition comprises 4 wind farms, all of which benefit from French government long-term contracts:

-- The 16MW Arcy-Précy windfarm is located in the Burgundy region of France and consists of eight Vestas V110 turbines. The project was commissioned between September 2021 (12MW) and May 2022 (4MW) and benefits from a government fixed-price contract until August 2041.

-- The 9.4MW Butte de Menonville windfarm is located in the Centre Val-de-Loire region of France and consists of four Enercon E92 turbines. The project was commissioned in July 2021 and benefits from a government fixed-price contract until June 2041.

-- The 20.3MW Genonville windfarm is located in the Centre Val-de-Loire region of France and consists of six Nordex N117 turbines. The project was commissioned in March 2022 and benefits from a government fixed-price contract until February 2042.

-- The 19.8MW Grande Pièce windfarm is located in the Centre Val-de-Loire region of France and consists of six Vestas V112 turbines. The project was commissioned between August 2017 and October 2018 and benefits from a government fixed-price contract until August 2032.

The transaction is the Company's second portfolio acquisition in France, as it continues to execute its European growth strategy and follows Greencoat Renewables' expansion into Spain, Finland, Germany, and Sweden.

The transaction is expected to close in Q2 2022.

Bertrand Gautier, Investment Manager said :

"This transaction represents a further milestone in Greencoat Renewables' strategy to increase our position in the French renewables market, which provides an opportunity to secure long-term contracted renewable energy assets. France will now represent 12% of the Greencoat Renewables portfolio.

We look forward to working further with Axpo, a large owner of renewable assets in Europe."

--- ENDS ---

For further details contact:

 
Greencoat Capital LLP (Investment Manager) 
Bertrand Gautier 
 Paul O'Donnell 
 Tom Rayner                                              +44 20 7832 9400 
 
 
 
 
  FTI Consulting (Investor Relations & Media) 
Melanie Farrell                                          +353 86 401 5250 
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 Greencoat Capital LLP, an experienced investment manager in the listed renewable energy infrastructure sector.

[1] This includes 156MW related to the 50% acquisition of the 312MW German offshore project known as 'Borkum Riffgrund 1' announced by the Company on the 4(th) April, which is yet to be paid and remains subject to regulatory clearance expected around May 2022.

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

ACQPPUBPAUPPUAC

(END) Dow Jones Newswires

May 24, 2022 04:13 ET (08:13 GMT)

1 Year Greencoat Renewables Chart

1 Year Greencoat Renewables Chart

1 Month Greencoat Renewables Chart

1 Month Greencoat Renewables Chart
ADVFN Advertorial
Your Recent History
LSE
GRP
Greencoat ..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20220930 07:17:15