Completion of German offshore wind acquisition

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 Paul O'Donnell Tom Rayner					[phone]
FTI Consulting (Investor Relations & Media)
Melanie Farrell
Orla Cox					[e-mail]
Davy (Broker, NOMAD and Euronext Growth Adviser) Barry Murphy Ronan Veale					[phone]
RBC Capital Markets (Joint Broker) Matthew Coakes Elizabeth Evans					[phone]

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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