Greencoat Renewables raises €125m in oversubscribed share placing

Net proceeds will be used to refinance the company's revolving credit facility and take advantage of acquisition opportunities

Ronan Murphy, Chairman of Greencoat Renewables Plc. (left) with Bertand Gautier and Paul O’Donnell, Partners of Greencoat Capital, Investment Manager (right) pictured outside at the Irish Stock Exchange. Picture: Robbie Reynolds

Irish renewable infrastructure company Greencoat Renewables has raised €125m in an oversubscribed share placing.

The placing shares to be issued represent approximately 18% of the Company’s existing issued ordinary share capital prior to the placing.