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The latest update is out from Greencoat Renewables Plc ( (DE:GRP) ).
Greencoat Renewables PLC, which invests in euro-denominated wind and solar infrastructure across Ireland and other European markets, is managed by Schroders Greencoat LLP and listed in Dublin, London and Johannesburg. The company targets assets in jurisdictions with stable renewable policies, reflecting its strategy of long-term, income-focused investment in the listed renewables sector.
The company has launched an initial €25 million tranche of a share buyback programme as part of an updated capital allocation strategy, with plans to repurchase €100 million of shares over the next 12 months. Conducted via Davy and RBC on Euronext Dublin and in line with existing shareholder authority and market abuse regulations, the programme aims to reduce share capital and may be expanded if a material discount to net asset value persists, although there is no guarantee it will be fully executed.
More about Greencoat Renewables Plc
Greencoat Renewables PLC is a listed investor in euro-denominated renewable energy infrastructure, initially focused on acquiring and managing operating wind farms in Ireland. The company has since expanded into wind and solar assets across select European markets with stable renewable frameworks and is managed by specialist investment manager Schroders Greencoat LLP.
For an in-depth examination of GRP stock, go to TipRanks’ Overview page.