Greencoat Renewables - Completion of German offshore wind acquisition

Greencoat Renewables

22/02/2023 07:00

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RNS Number : 6266Q  Greencoat Renewables PLC  22 February 2023

 

Completion of German offshore wind acquisition

 

 

Dublin, London, 22(nd) February 2023: Following the previous announcement
released on 3(rd) of January 2023 about the acquisition of a 22.5% stake in
the Butendiek offshore wind farm in Germany from Marguerite Pantheon,
Greencoat Renewables PLC ("Greencoat Renewables") is pleased to announce the
completion of the acquisition.

 

The acquisition takes Greencoat Renewables' generation capacity to 1,228 MW
and total borrowings to 46% of Gross Asset Value.

 

 

 

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For further details contact:

 Schroders Greencoat LLP (Investment Manager)
 Bertrand Gautier                                           +44 20 7832 9400

 Paul O'Donnell

 Tom Rayner

 FTI Consulting (Investor Relations & Media)
 Melanie Farrell
 Orla Cox                                                   greencoat@fticonsulting.com
                                                            +353 1 679 6363

 Davy (Broker, NOMAD and Euronext Growth Adviser)

 Barry Murphy

 Ronan Veale
                                                            +44 20 7653 4000

 RBC Capital Markets (Joint Broker)

 Matthew Coakes

 Elizabeth Evans

 

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.

 

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