Dublin, London, Johannesburg | 5 March 2026: Greencoat Renewables PLC ("Greencoat Renewables" or the "Company") announces that it will commence an initial tranche of its share buyback programme today, to repurchase ordinary shares of the Company (the "Shares") up to a maximum aggregate consideration of €25 million (the "Programme").
 
The initial €25m share buyback is being carried out as part of the Company's updated capital allocation strategy, announced today, 5 March 2026. The Company intends to repurchase €100m of the Company's Shares over the next 12 months, with the potential to further increase the Programme in the future, subject to market conditions if a significant discount to NAV persists.   

Details of the Programme

The Company has entered into an agreement with J&E Davy ("Davy") and RBC Europe Limited ("RBC") to act as principals to conduct the Programme and to purchase Shares on Euronext Dublin for subsequent repurchase by the Company for a maximum aggregate consideration of up to €25 million and to make trading decisions under the Programme in accordance with certain pre-set parameters. Under the terms of the agreement, Davy and RBC will make purchases of the Shares under the Programme independently of, and uninfluenced by, the Company.

The Programme will commence on 5 March 2026, and end no later than 30 September 2026, subject to market conditions. The purpose of the Programme is to reduce the share capital of the Company in line with this announcement. Under the terms of the Programme, the Shares will be repurchased on Euronext Dublin and will subsequently be cancelled.

The Programme will be conducted in accordance with:

(i) the Company's general authority to repurchase shares (which authorises the repurchase of a maximum of 166,918,897 shares, being 14.99% of the issued share capital of the Company), as approved by shareholders at the Company's AGM held on 15 May 2025; and

(ii) the Market Abuse Regulation (EU) No 596/2014 and the Commission Delegated Regulation (EU) No 2016/1052 (including as each of them forms part of retained EU law in the United Kingdom ("UK") from time to time, including, where relevant, pursuant to the UK's European Union (Withdrawal) Act 2018 and Market Abuse (Amendment) (EU Exit) Regulations 2019) as well as the applicable laws and regulations of the UK Financial Conduct Authority and the Central Bank of Ireland.

There is no guarantee that the Programme will be implemented in full or that any Shares will be bought back by the Company.

-ENDS-

The Company has listings on the Alternative Investment Market of the LSE and the Euronext Growth Market of Euronext Dublin and a secondary listing on the Alternative Exchange of the JSE.

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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 also invests in wind and solar assets in certain other European countries with stable and robust renewable energy frameworks. It is managed by Schroders Greencoat LLP, an experienced investment manager in the listed renewable energy infrastructure sector.