Wind farm operator Greencoat Renewables boosts cash generation

Greencoat closed the year with just over €630m in net debt

As well as continuing to buy wind farms in Ireland, the company continued its expansion in continental Europe with its presence now covering France, Finland, Sweden and Spain. File Picture: Denis Minihane.

Wind farm operator Greencoat Renewables generated €70.5m in cash last year, up from €66.4m in 2020.

In its annual results, the renewable energy infrastructure company said it increased its portfolio of wind farms to 25 assets – with a net generating capacity of 800 megawatts of power – last year.