Greencoat Renewables agrees
10-Year Corporate PPA
Dublin, London | 18 April
2024: Greencoat Renewables PLC
("Greencoat Renewables" or
the "Company") today
announces the signing of a 10-year Power Purchase Agreement ('PPA')
for its Ballybane Phase 1 wind farm, with Keppel DC
REIT.
The wind farm has an annual output
of 67 GWh of renewable energy, of which Keppel DC REIT will
purchase 100% of the electricity generated, significantly
contributing to its net zero objectives for 2030.
The agreement underpins the critical
role that renewables have to play in powering demand from the
global acceleration of technology, impacted by recent advancements
in Artificial Intelligence.
As fixed price incentive regimes
conclude and demand for green energy increases, Greencoat
Renewables expects to continue to deliver PPAs with large, highly
reputable counterparties such as Keppel DC REIT, as part of its
core strategy.
Paul O' Donnell, Investment Manager said:
"We are delighted to announce our first Power Purchase
Agreement with Keppel DC REIT. This partnership evidences the
significant opportunity for Greencoat Renewables, as the largest
operator of wind assets in Ireland, to provide renewable
electricity to the growing Irish data centre
market.
In
successfully re-contracting Ballybane Phase 1, we have demonstrated
our ability to create and sustain long-term value for our
investors".
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For further
details contact:
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Schroders
Greencoat LLP (Investment Manager)
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Bertrand Gautier
Paul O' Donnell
Tom Rayner
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+44 20 7832 9400
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FTI Consulting
(Investor Relations & Media)
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Melanie Farrell
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+353 1 765 0883
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Aoife Mullen
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greencoat@fticonsulting.com
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Davy (Broker,
NOMAD and Euronext Growth Listing
Sponsor)
Brian Garrahy
Ronan Veale
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+353 1 679 6363
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RBC Capital
Markets (Joint Broker)
Matthew Coakes
Elizabeth Evans
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+44 20 7653 4000
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About
Greencoat Renewables PLC
Greencoat Renewables PLC is an investor in
euro-denominated renewable energy infrastructure assets. Initially
focused solely on the acquisition and management of operating wind
farms in Ireland, the Company is now also investing in wind
and solar assets in other European countries with stable and robust
renewable energy frameworks. It is managed by Schroders Greencoat
LLP, an experienced investment manager in the listed renewable
energy infrastructure sector.
For more information about Greencoat Renewables
PLC, please visit http://www.greencoat-renewables.com/
