Irish-listed wind energy firm Greencoat Renewables has raised €281.5m in a recent share placement, which it said was oversubscribed. This month’s placement represented around 28pc of the firm’s existing issued ordinary share capital at the time. The 400 million share issuance programme increases the total share capital of the company to 1,141,238,938 ordinary shares. “I am very pleased with the oversubscribed placing, reflecting shareholder confidence as we continue to build one of the leading European renewable energy infrastructure companies,” said chairman Rónán Murphy. Founded in 2009, Greencoat Renewables is managed by Greencoat Capital, a specialist manager dedicated to the renewable energy infrastructure sector.

Source: Irish Independent April 01, 2022 18:41 UTC