Greencoat Renewables PLC

Jamie Corcoran & Patrick Maguire were delighted to visit our Butendiek Offshore wind farm, Germany last week alongside one of our JV partners ITOCHU Corporation. Many thanks to DWT for all their great work managing the asset for us and for arranging the site visit and for showing us around in such a beautiful day ☀ Schroders Greencoat LLP wpd GmbH Industriens Pension Octopus Energy Generation Eckhard Stürtz Makiko Wojtyna  #offshorewind #renewables #renewableenergy

Beautiful day in Tipperary as seen from our Enercon E70 machines at our 11.5MW An Cnoc wind farm. The wind farm’s revenues are contracted under the REFIT 2 scheme, providing a long-term guaranteed minimum floor price for generation until 2032.   This photo was taken recently by our asset manager Bill Shannon during his annual climb down of the turbines. Our asset managers plan to carry out climb down inspections on every one of our portfolio wind farms in 2024. Let’s hope each day is as nice as this one! #WindFarm #RenewableEnergy

Earlier this week, alongside SSE Renewables, we were delighted to announce the opening of the latest round of #community funding available from Galway Wind Park located in Cloosh Valley, Connemara. Our commitment to a sustainable future extends beyond the renewable energy we generate and since its establishment in 2018, the fund has awarded just over €3 million to the Connemara community through its Local Fund, Major Projects Fund, and Scholarship Fund. Eligible applicants within a 20km radius of the #onshore wind farm can apply to the fund until Friday 21 June.  📅 #CommunityBenefitFund #SustainableFuture https://lnkd.in/eCrAaYTA

Solar energy is an important component of our asset portfolio and we are pleased to announce that we have joined the Irish Solar Energy Association as a corporate member. #solar #renewables #renewableassets

We are proud to present our 2023 #ESG Report, which highlights the progress we have made over the past year in furthering our commitment to sustainable investment. In 2023, we made significant progress in expanding our portfolio, fostering job creation and building the resilience of our local communities. The world has reached a critical juncture in the battle against climate change, and as we look ahead to 2024 and beyond, we remain dedicated to our commitment to be a catalyst for positive change. Access the full report here: https://lnkd.in/ePSWSFmS #netzero #renewableenergy

Today we announced the appointment of Niamh Marshall to the Board of Directors as a Non-Executive Director.   Niamh is an experienced professional having spent the majority of her career at KPMG Ireland as a senior audit partner. She was appointed as the first female Partner at KPMG Ireland in 1996 and held the position until 2022.   We are delighted to welcome Niamh, whose experience and expertise as an audit partner, together with a current diverse portfolio of non-executive appointments, will enhance the overall skillset of the Board.   You can read more about Niamh’s appointment here: https://lnkd.in/df96rrYf   #NED #Appointment

We are delighted to announce the signing of a 10-year Power Purchase Agreement (PPA) with Keppel DC REIT for our Ballybane Phase 1 wind farm, in County Cork.    The wind farm has an annual output of 67 GWh of renewable energy, of which Keppel DC REIT will purchase 100% of the electricity generated.     This partnership evidences the significant opportunity for Greencoat Renewables, as the largest operator of wind assets in Ireland, to provide renewable electricity to the growing Irish data centre market.     As fixed price incentive regimes conclude and demand for green energy increases, Greencoat Renewables expects to continue to deliver PPAs with large, highly reputable counterparties such as Keppel DC REIT, as part of its core strategy.    #CorporatePPA #Renewables #RenewableEnergy #DataCentres  

Today we announced our 2023 Full Year Results, during which we continued to deliver strong cash generation, providing support for dividend cover and our longer-term reinvestment strategy. We also signed several PPAs in the period delivering on our strategy of a high contracted revenue mix.   We have continued to expand and further diversified our pan-European portfolio during 2023 with the deployment of more than €500 million into four new assets, bringing our generation capacity to 1.5GW. We are proud that this portfolio produced enough renewable energy to power c.750,000 homes and saved c.1.3 million tonnes of CO2 emissions.   You can read the full results announcement here https://lnkd.in/dMFzzJTv

Together with SSE Renewables, co-owners of Galway Wind Park, we are excited to announce the launch of the latest application round for Galway Wind Park’s €300,000 Major Projects Fund. The fund is designed to support community projects located within a 10km radius of Galway Wind Park. Interested parties can submit their proposals up until Friday, April 12, 2024. Find out more below 👇 #renewables #onshorewind #supportingcommunities

In today’s Irish Times, Greencoat Renewables Investment Manager Paul O'Donnell sets out why the mobilisation of private capital is critical for Ireland to meet its renewable energy targets and realise the enormous economic opportunities that renewables can bring. In the article Paul explains how the Irish financial ecosystem needs to evolve to enable this and how the upcoming pension auto-enrolment could serve as the perfect opportunity to drive long-term capital into renewables.   Read the full article at the link below #renewables #renewablesinvestment #energyinvestment https://lnkd.in/egs3ciub