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Greencoat Renewables

NAV little changed in Q3

Greencoat’s net asset value (NAV) is broadly unchanged at the end of Q3 (stands at 101.9c/share). It continues to hold reasonably steady as modest headwinds such as long-term power...

Greencoat Renewables

New five-year term loan and bolt-on deal announced

Greencoat has confirmed the addition of a new five-year term loan. It is part of a broader medium-term strategy to expand and diversify (debt type, duration) its balance sheet. It will...

Greencoat Renewables

Results confirmation of robust model

Greencoat’s (GRP) robust H1 2020 performance was already understood. Through an unprecedented period, its performance was predictable – it generated strong cashflow (over 6c/share...

Greencoat Renewables

RESS 1 results significant for Irish renewables sector

The announcement that RESS 1 will provide subsidy support to an additional 1.25GW of renewable energy projects (c.30% of the renewable installed base at end-2019F) provides strong...

Greencoat Renewables

Continues to consolidate smaller end of Irish market

Even as its opportunity set expands, consolidation of the small-to-medium end of the Irish market will remain a key value creation opportunity for Greencoat. In that context, the...

Greencoat Renewables

New government strengthens renewables growth opportunity

The programme for government, agreed on June 15th, comprises an ambitious set of Green policies and will legally commit Ireland to achieving net zero emissions by 2050. A significant...