Investment Trusts

Greencoat Renewables PLC

GRP:LSE

Greencoat Renewables PLC

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  • Price (EUR)0.86
  • Today's Change0.01 / 1.18%
  • Shares traded100.94k
  • 1 Year change-7.73%
  • Beta--
Data delayed at least 20 minutes, as of Nov 22 2024 16:07 GMT.
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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)122.96m
  • Net income in EUR58.83m
  • 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 Management Agreement, the Investment Manager is entitled to a management fee from the Company, which is calculated quarterly in arrears and remains at 0.25% of NAV per quarter on that part of NAV up to and including €1.0 billion, 0.2% of NAV per quarter on that part of NAV from €1.0 billion to €1.75 billion and 0.1875% of NAV per quarter on that part of NAV over €1.75 billion.

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