Greencoat and SEP to invest in Irish wind energy market

Energy infrastructure company Greencoat Renewables is aiming to raise up to €250m from a dual stock market listing in London and Dublin in order to fund its growth objectives.

The company — the infrastructure arm of London-based clean energy investment firm Greencoat Capital — is looking to acquire a number of wind farms across Ireland before spreading its wind and solar energy asset portfolio across the eurozone with projects in France, Belgium, Germany, the Netherlands and Finland in mind.

Earlier this year, Greencoat acquired a seed portfolio of operating Irish onshore wind farms — in Cork and Tipperary — with combined capacity of 137 megawatts. That move was funded through AIB and the Ireland Strategic Investment Fund (ISIF).