Global investment giant takes control of leading Irish wind farm backer

Schroders will not have a direct shareholding in Greencoat Renewables as part of the deal to buy a 75% stake in Greencoat Capital

Greencoat Renewables operates wind farms in Ireland, France and Finland, and has plans to expand further across continental Europe and the Nordic region.

A global asset management giant is set to take a majority stake in the investment management company behind Greencoat Renewables, one of the largest wind farm operators in Ireland.

Global investment manager Schroders has agreed to buy a 75% stake in Greencoat Capital – a UK-based funding and investment manager of renewable assets, which include Greencoat Renewables here, Greencoat UK Wind in Britain and assets in the US.  Schroders will pay an initial £358m (€420m) for the stake.