Greencoat Renewables trust opens placing

Fund opportunities

Kathleen Gallagher
clock • 1 min read
The company said there are “multiple attractive near-term investment opportunities”
Image:

The company said there are “multiple attractive near-term investment opportunities”

The £1.1bn Greencoat Renewables trust has announced a proposed placing under its existing share issuance programme.

The company said there are "multiple attractive near-term investment opportunities" it is looking at in Ireland and continental Europe, adding that there are projects worth about 380 MW under exclusivity "across a mix of operating and forward sale opportunities located in Sweden, France, Spain, and a new Northern Europe market". The placing price will be €1.12, which is a 6.7% discount to the share price on Euronext Dublin on 18 March. Incisive Media to launch new sustainable investment platform Ronan Murphy, non-executive chairman of the trust, said: "The growth and strategic dive...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment Trusts

Demand for key inputs will rise sharply, as nations look to accelerate their renewables programmes.
ESG

Greenflation: What are the drivers and how long will it last?

Metal price rises 'structural'

clock 12 August 2022 • 3 min read
abrdn's Bruce Stout said the most "corrosive" of all factors was the "tangible change in sentiment"

Discount narrows on Murray International as it delivers positive returns

9.5% share price total return

Kathleen Gallagher
clock 12 August 2022 • 2 min read
Invests in companies with strong biodiversity credentials.
ESG

HSBC launches biodiversity screened ETF

SFDR Article 8

clock 11 August 2022 • 1 min read
Trustpilot