Greencoat Renewables (CDI) (GRP)

Sector:

Investment Firms

Index:

FTSE AIM 100

  0.85
   
  • Change Today:
     0.01
  • 52 Week High:  1.1
  • 52 Week Low:  0.8
  • Currency: Euro
  • Shares Issued: 1,141.24m
  • Volume: 184,683
  • Market Cap:  974.62m
  • RiskGrade: 74

Greencoat Renewables acquires Ireland's Glencarby wind farm

By Josh White

Date: Thursday 01 Apr 2021

LONDON (ShareCast) - (Sharecast News) - Euro-denominated renewable infrastructure investment company Greencoat Renewables announced the acquisition of the Glencarbry wind farm from John Laing Group on Thursday.
The AIM-traded firm said Glencarbry is located in County Tipperary, Ireland and consists of 12 Nordex turbines that have been operational since July 2017.

It said the wind farm's revenues were contracted under the 'REFIT 2' scheme, providing a long-term guaranteed minimum floor price for the electricity generated until July 2032.

Nordex would continue to manage the operations and maintenance contract.

The acquisition was being funded by the company's existing credit facility, and following the acquisition, Greencoat Renewables' total borrowings would represent 49% of gross asset value, in the middle of its target gearing range.

Including the previously announced acquisition of the Cordal wind farm which had now completed, Greencoat said its total installed generating capacity had increased to 685.6MW.

"We are pleased to continue our strategy of consolidating the Irish renewable energy market with the acquisition of Glencarbry wind farm, another high-quality asset with long-term contracted revenues," said investment manager Paul O'Donnell.

"We are also pleased to have closed our second transaction with John Laing, again demonstrating our ability to transact with leading investors and developers across the sector.

"We continue to see a range of attractive opportunities, both in Ireland and the wider European market."

At 0900 BST, shares in Greencoat Renewables were up 3.48% at €1.19.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

GRP Market Data

Currency Euro
Share Price   0.85
Change Today   0.01
% Change 0.71 %
52 Week High  1.1
52 Week Low  0.8
Volume 184,683
Shares Issued 1,141.24m
Market Cap  974.62m
RiskGrade 74

GRP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
Market averageMarket averageMarket averageMarket averageMarket average
96.63% above the sector average96.63% above the sector average96.63% above the sector average96.63% above the sector average96.63% above the sector average
Price Trend
Market averageMarket averageMarket averageMarket averageMarket average
74.77% below the sector average74.77% below the sector average74.77% below the sector average74.77% below the sector average74.77% below the sector average
Income
Market averageMarket averageMarket averageMarket averageMarket average
84.00% above the sector average84.00% above the sector average84.00% above the sector average84.00% above the sector average84.00% above the sector average
Growth
Market averageMarket averageMarket averageMarket averageMarket average
19.08% below the sector average19.08% below the sector average19.08% below the sector average19.08% below the sector average19.08% below the sector average

What The Brokers Say

Strong Buy 1
Buy 3
Neutral 4
Sell 0
Strong Sell 0
Total 8
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

GRP Dividends

  Latest Previous
  Q3 Q2
Ex-Div 09-Nov-23 10-Aug-23
Paid 01-Dec-23 01-Sep-23
Amount 1.60¢ 1.60¢

Trades for 28-Mar-2024

Time Volume / Share Price
18:09 19,107 @  0.87
17:30 5,000 @  0.87
17:30 22,898 @  0.87
16:54 3,657 @  0.88
16:54 1,305 @  0.87

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