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Greencoat Renewables Plc ( (DE:GRP) ) has issued an update.
Greencoat Renewables PLC has announced the sale of a portfolio of six Irish onshore wind assets for €156 million, which will be used to reduce the company’s revolving credit facility and lower its gearing ratio. This move is part of the company’s broader capital allocation strategy to maintain financial strength and explore value creation opportunities, including potential asset hybridisation and repowering, while also enhancing its contracted cash flow mix.
More about Greencoat Renewables Plc
Greencoat Renewables PLC operates in the renewable energy industry, focusing primarily on wind energy assets. The company is involved in acquiring and managing renewable energy infrastructure, with a significant presence in the European market.
See more data about GRP stock on TipRanks’ Stock Analysis page.