Greencoat Renewables PLC

Overview

Greencoat Renewables PLC is a listed renewable energy infrastructure company that invests in, owns, and operates renewable energy generation and storage assets across Europe. The company manages a total capacity of 1.5GW, comprising 40 operating assets in five European countries. Greencoat Renewables focuses on providing clean power for an electrified future and delivering stable returns for shareholders. The company's investment strategy centers on acquiring, optimizing, and operating renewable energy assets, including onshore and offshore wind farms, solar photovoltaic installations, and battery storage facilities. Greencoat Renewables aims to generate income and capital value growth through its diversified portfolio, which spans several European markets. The company is committed to driving Europe's energy transition by providing long-term capital to support the shift towards sustainable energy sources. In 2024, Greencoat Renewables generated 3,443 GWh of clean electricity, avoiding approximately 1.4 million tonnes of CO₂ emissions. The company reported cash generation of €148.6 million, delivering a gross dividend cover of 2.0x. A total of €100 million was returned to shareholders through dividends and share buybacks, representing around 8% of the company's net asset value at the start of the year. Greencoat Renewables' net asset value per share stood at 110.5 cents, with a total return of 4.5% including dividends paid. Greencoat Renewables' investment manager, Schroders Greencoat LLP, is a specialist manager dedicated to the energy transition infrastructure sector. With offices in London, Dublin, Germany, Netherlands, and Chicago, Schroders Greencoat manages approximately £9 billion under management, making it one of the largest dedicated managers in Europe. The firm's expertise spans various renewable energy sectors, including wind, solar, and bioenergy, and it has a strong reputation for delivering secure incomes for investors. Greencoat Renewables' commitment to sustainability is evident in its operations, with a focus on generating clean energy and reducing carbon emissions. The company has provided €1.3 million to charities, communities, and initiatives, benefiting over 300 projects across the regions where it operates. Greencoat Renewables is also committed to meeting disclosure requirements related to environmental, social, and governance (ESG) standards, ensuring transparency and accountability in its operations. Overall, Greencoat Renewables PLC plays a significant role in Europe's renewable energy sector, contributing to the region's energy transition and providing investors with opportunities to participate in the growth of sustainable energy infrastructure.

Investment Focus

• Focus on renewable energy infrastructure
• Diversified portfolio across European markets
• Commitment to sustainability and ESG standards

Portfolio Companies