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Greencoat Renewables Plc ( (DE:GRP) ) has shared an update.
Greencoat Renewables PLC, a listed renewable energy infrastructure investor with wind and solar assets across Ireland and Europe, is leveraging its scale, generation capacity and grid expertise to move into green digital infrastructure. The company aims to serve large energy users such as data centres by pairing renewable generation with advanced power management, aligning with evolving government policy and energy transition goals.
The company has launched a new green digital infrastructure platform in a 50:50 joint venture with Schroders Greencoat’s SCSL Global Energy Infrastructure vehicle, targeting renewably powered data centres. Its first project, Drogheda Energy Park on Ireland’s east coast, will redevelop a brownfield industrial site into an integrated energy park with on-site generation, storage and grid services to power an initial 36MW data centre via renewable PPAs, while supporting regional investment and employment.
More about Greencoat Renewables Plc
Greencoat Renewables PLC is a euro-denominated investor in 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 Schroders Greencoat LLP, a specialist in listed renewable energy infrastructure.
See more insights into GRP stock on TipRanks’ Stock Analysis page.