Greencoat Renewables (CDI) (GRP)

Sector:

Investment Firms

Index:

FTSE AIM 100

  0.76
   
  • Change Today:
     0.00
  • 52 Week High:  0.9
  • 52 Week Low:  0.7
  • Currency: Euro
  • Shares Issued: 1,113.54m
  • Volume: 502,121
  • Market Cap:  844.06m
  • RiskGrade: 74

Greencoat Renewables acquires 50pc stake in South Meath Solar Farm

By Josh White

Date: Wednesday 07 Aug 2024

LONDON (ShareCast) - (Sharecast News) - Greencoat Renewables announced on Wednesday that it has completed the acquisition of a 50% stake in the 80.5MWp South Meath Solar Farm, in County Meath, Ireland.
The AIM-traded firm said the acquisition was made in partnership with funds managed by Schroders Greencoat LLP, which acquired the remaining 50% stake from Statkraft.

It said an unnamed "leading technology company" had entered into a long-term power purchase agreement (PPA) for 100% of the solar farm's production.

The board added that the acquisition aligned with the company's strategy of investing in high-quality renewable energy assets to support sustainable growth and energy transition efforts.

"Having entered into a forward sale agreement in July 2022, we are pleased to further diversify our portfolio through the completion of the acquisition of the South Meath solar farm from Statkraft, a key strategic partner," said Paul O'Donnell, partner at the investment manager Schroders Greencoat LLP.

"As the largest operator of wind assets in Ireland, we remain focused on delivering PPAs with large, highly reputable counterparties.

"As such, we are delighted to have signed a long-term agreement with one of the world's leading technology companies as part of this transaction."

At 1150 BST, shares in Greencoat Renewables were up 1.1% at 0.92p.

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   0.76
Change Today   0.00
% Change 0.53 %
52 Week High  0.9
52 Week Low  0.7
Volume 502,121
Shares Issued 1,113.54m
Market Cap  844.06m
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
92.81% above the sector average92.81% above the sector average92.81% above the sector average92.81% above the sector average92.81% above the sector average
Price Trend
Market averageMarket averageMarket averageMarket averageMarket average
80.98% below the sector average80.98% below the sector average80.98% below the sector average80.98% below the sector average80.98% below the sector average
Income
Market averageMarket averageMarket averageMarket averageMarket average
75.25% above the sector average75.25% above the sector average75.25% above the sector average75.25% above the sector average75.25% above the sector average
Growth
Market averageMarket averageMarket averageMarket averageMarket average
85.4% below the sector average85.4% below the sector average85.4% below the sector average85.4% below the sector average85.4% below the sector average

What The Brokers Say

Strong Buy 1
Buy 2
Neutral 4
Sell 0
Strong Sell 0
Total 7
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
  Q4 Q3
Ex-Div 06-Feb-25 07-Nov-24
Paid 28-Feb-25 29-Nov-24
Amount 1.69¢ 1.69¢

Trades for 25-Apr-2025

Time Volume / Share Price
16:47 7,126 @  0.76
16:35 1 @  0.76
16:35 1 @  0.76
16:27 10 @  0.76
16:27 95 @  0.76

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