Greencoat Renewables trust opens placing

Fund opportunities

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

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...

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