Statement regarding ownership of Greencoat Renewables' Investment Manager

Dublin, London, 21 December 2021

Greencoat Renewables PLC ("Greencoat Renewables"), the renewable infrastructure company invested in euro-denominated assets, notes the announcement by Schroders plc ("Schroders") that it has agreed to acquire a 75% shareholding in Greencoat Capital, the investment manager of Greencoat Renewables. 

The Board of Greencoat Renewables welcomes the transaction, and the additional capabilities which Schroders will bring to Greencoat Capital to augment its offering and value.

There is no change to Greencoat Renewables' relationship with Greencoat Capital nor to the Investment Management Agreement. The Greencoat Capital team that has worked with the Board of Greencoat Renewables for the past four years since IPO will remain in place.

There is also no change to the investment strategy, which continues to be overseen by the Board and approved by Greencoat Renewables' shareholders.

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About Greencoat Renewables PLC

Greencoat Renewables PLC is an investor in euro-denominated renewable energy infrastructure assets. Initially focused solely on the acquisition and management of operating wind farms in Ireland, the Company is now also investing in wind and solar assets in certain other European countries with stable and robust renewable energy frameworks. It is managed by Greencoat Capital LLP, an experienced investment manager in the listed renewable energy infrastructure sector.

For more information about Greencoat Renewables PLC, please visit http://www.greencoat-renewables.com/