Wind farm operator Greencoat Renewables raises €165m to fund expansion

Company said it currently had 'multiple attractive near-term investment opportunities under consideration'

Greencoat owns a number of onshore wind farms in Ireland and began expanding into mainland Europe last year. File picture

Irish wind farm operator Greencoat Renewables has raised gross proceeds of €165m from an oversubscribed share placing, which will help fund its further expansion.

Greencoat owns a number of onshore wind farms in Ireland and began expanding into mainland Europe last year. An acquisition in France in 2020 was followed up, earlier this year, with a wind farm purchase in Finland.