Greencoat Renewables revenue jumps as demand continues to grow

The company pumped more than €500 million into four new assets and increased its portfolio to 39 renewable generation and storage assets across six European markets.

The Glencarbry wind farm in Tipperary that was acquired by Greencoat Renewables.

Renewable energy investment vehicle Greencoat Renewables posted a jump in revenue as the demand for greener energy continues to grow.

The company posted a 15% increase in revenues to €379m, but also reported a decline in net cash generation to €197m from €215m in the previous year as it paid down debts and ramped up investment activity.