Davy Research

Greencoat Renewables (GRPG.I, GRP ID)

  • 278.1
  • 270.0
  • 66.3

Company Profile

Greencoat Renewables became the first renewable energy company to list on the Irish Stock Exchange in July 2017. It has an initial portfolio of 137MW of operational onshore wind assets which are located in Knockacummer, Co. Cork (100MW), and Killhills, Co. Tipperary (37MW). The company expects to pay a regular dividend of 6% of its Net Asset Value (NAV), quarterly from February 2018. The company seeks to grow its NAV organically by reinvesting surplus cash flows into new projects over time. Greencoat Renewables is expected to focus on Irish operational onshore wind assets over the next few years but has the option to invest in solar and offshore wind as well as in other selected European regions with robust energy frameworks.


Major Shareholders%
Ireland Strategic Investment Fund28.1
Newton Investment Management 6.2
Irish Life Investment Managers5.7
AIB5.6
Investec4.9
  • GREENCOAT RENEWABLES

    Closing Price (c): 103.0

  • RATING 24/08/17

  • PREVIOUS RATING

Analyst(S)

COMPANY DATA