Investment Trusts

Greencoat Renewables PLC

GRP:LSE

Greencoat Renewables PLC

  • Price (EUR)0.861
  • Today's Change0.035 / 4.24%
  • Shares traded106.22k
  • 1 Year change-20.65%
  • Beta--
Data delayed at least 20 minutes, as of May 03 2024 16:47 BST.
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Profile data is unavailable for this security.

About the company

Greencoat Renewables PLC is an Ireland-based renewable infrastructure company. The Company is focused on investing in euro-denominated renewable energy infrastructure assets. The Company is focused on the acquisition and management of operating wind farms in Ireland. The Company is also investing in wind and solar assets in certain other European countries with stable and robust renewable energy frameworks. The Company’s portfolio includes approximately 38 renewable energy generation and storage assets, which include Ballybane, Raheenleagh, Lisdowney, Knocknalour, Knockacummer, Killhills, Glanaruddery, Gortahile, Letteragh, Garranereagh, Cordal and Beam Hill. The Company’s investment manager is Greencoat Capital LLP.

  • Revenue in EUR (TTM)123.86m
  • Net income in EUR69.49m
  • Incorporated2017
  • Employees0.00
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Profile

Management group(s)Schroders Greencoat LLP
AIC sectorRenewable Energy Infrastructure
ISINIE00BF2NR112
Launch date25 Jul 2017
Share typeOrdinary Share
StructureInvestment Trust
Base currencyEUR

Objective

To provide attractive risk-adjusted returns to shareholders through annual dividend increase and capital value growth by investing in euro denominated operational renewable electricity generation assets in Relevant Countries within the Eurozone. The Company will initially focus on investing in wind assets in Ireland, where it has acquired the Seed Portfolio and where the Board and the Investment Manager believe there is an attractive opportunity to consolidate onshore wind assets, and in Other Relevant Countries (being Belgium, Finland, France, Germany, Netherlands, Denmark, Norway, Sweden, Spain and Portugal), where the Board and the Investment Manager believe there is a stable and robust renewable energy policy framework.

Managed by

Bertrand Gautier, Paul O'Donnell

Management & contract fees

The Investment Manager is entitled to a management fee of 1% of the NAV up to EUR 1 bn; 0.8% in excess of EUR 1 bn; 0.75% in respect of NAV over EUR 1,750 million, paid quarterly in arrears. The Agreement may be terminated with not less than 12 months written notice.

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