Greencoat Renewables (CDI) (GRP)

Sector:

Investment Firms

Index:

FTSE AIM 100

  0.87
   
  • Change Today:
     0.00
  • 52 Week High:  1.0
  • 52 Week Low:  0.8
  • Currency: Euro
  • Shares Issued: 1,132.96m
  • Volume: 57,433
  • Market Cap:  981.15m
  • RiskGrade: 74

Greencoat Renewables inks 10-year power purchase agreement

By Josh White

Date: Thursday 18 Apr 2024

LONDON (ShareCast) - (Sharecast News) - Greencoat Renewables announced the signing of a significant 10-year power purchase agreement (PPA) on Thursday, with Keppel DC REIT, for its Ballybane Phase 1 wind farm.
The AIM-traded company said the wind farm boasted an annual output of 67 GWh of renewable energy.

Under the agreement, Keppel would procure all of the electricity generated in a move aligning with its net zero objectives for 2030.

"We are delighted to announce our first power purchase agreement with Keppel DC REIT," said Greencoat's investment manager, Paul O' Donnell.

"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.

"In successfully re-contracting Ballybane Phase 1, we have demonstrated our ability to create and sustain long-term value for our investors."

At 0828 BST, shares in Greencoat Renewables were up 1.22% at 0.83p.

Reporting by Josh White for Sharecast.com.

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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   0.87
Change Today   0.00
% Change 0.00 %
52 Week High  1.0
52 Week Low  0.8
Volume 57,433
Shares Issued 1,132.96m
Market Cap  981.15m
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
84.77% above the sector average84.77% above the sector average84.77% above the sector average84.77% above the sector average84.77% above the sector average
Price Trend
Market averageMarket averageMarket averageMarket averageMarket average
76.44% below the sector average76.44% below the sector average76.44% below the sector average76.44% below the sector average76.44% below the sector average
Income
Market averageMarket averageMarket averageMarket averageMarket average
90.27% above the sector average90.27% above the sector average90.27% above the sector average90.27% above the sector average90.27% above the sector average
Growth
Market averageMarket averageMarket averageMarket averageMarket average
17.53% below the sector average17.53% below the sector average17.53% below the sector average17.53% below the sector average17.53% 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
  Q1 Q4
Ex-Div 02-May-24 08-Feb-24
Paid 24-May-24 01-Mar-24
Amount 1.69¢ 1.60¢

Trades for 14-Jun-2024

Time Volume / Share Price
16:47 13,069 @  0.86
16:27 31 @  0.86
16:27 32 @  0.86
16:25 6 @  0.88
16:20 1,367 @  0.88

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