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Greencoat Renewables PLC announced on February 22, 2023, the completion of its acquisition of a 22.5% stake in the Butendiek offshore wind farm in Germany from Marguerite Pantheon. This acquisition increased Greencoat Renewables' generation capacity to 1,228 MW and its total borrowings to 46% of Gross Asset Value.
| Date | 22 Feb 2023 |
| Time | 07:00:05 |
| Category | Acquisitions and alliances |
| ID | 6266Q |
Completion of German offshore wind acquisition
Dublin, London, 22nd February 2023: Following the previous announcement released on 3rd of January 2023 about the acquisition of a 22.5% stake in the Butendiek offshore wind farm in Germany from Marguerite Pantheon, Greencoat Renewables PLC ("Greencoat Renewables") is pleased to announce the completion of the acquisition.
The acquisition takes Greencoat Renewables' generation capacity to 1,228 MW and total borrowings to 46% of Gross Asset Value.
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For further details contact:
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Schroders Greencoat LLP (Investment Manager) |
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Bertrand Gautier Paul O'Donnell Tom Rayner |
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+44 20 7832 9400
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FTI Consulting (Investor Relations & Media) |
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Melanie Farrell |
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Orla Cox |
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Davy (Broker, NOMAD and Euronext Growth Adviser) Barry Murphy Ronan Veale |
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+353 1 679 6363 |
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RBC Capital Markets (Joint Broker) Matthew Coakes Elizabeth Evans |
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+44 20 7653 4000 |
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 Schroders Greencoat, an experienced investment manager in the listed renewable energy infrastructure sector.