Greencoat Renewables says that it has sold six Irish onshore wind assets for €156m. The 115.7MW disposal will translate into up-front consideration of €139m and €17m in non-contingent deferred consideration over 2026 and 2027.
The proceeds will be used to reduce the company’s revolving credit facility. Gearing levels will be reduced from 54% reported at Q1 2025 to about 51% on a proforma basis. The company continues to target a reduction in gearing over the medium term to a level below 50%.
Greencoat Renewables continues to explore further disposals and is in advanced negotiations over the sale of a significant minority stake in its 50MW Andella wind farm in Spain.
In addition, Greencoat Renewables says it is applying for a secondary listing on the Johannesburg Stock Exchange, with the aim of attracting South African investors.
GRP : Greencoat Renewables sells Irish portfolio
