news 26 November 2020

McCann FitzGerald Advises Greencoat Renewables on €100 Million Share Placing

We are advising Greencoat Renewables on the placing of new shares announced today.  Dealings in the shares are expected to commence in early December 2020. This marks the second tranche of Greencoat’s €350 million share issuance programme announced in November 2019.

Greencoat will use the proceeds to pay down the company’s existing revolving credit facility and to enable it to continue to pursue acquisition opportunities in Ireland and elsewhere.

McCann FitzGerald previously advised Greencoat on its initial public offering and subsequent share placings, its entry into a revolving credit facility and its acquisitions of Irish wind farms, including most recently those at Killala, Beam Hill and Letteragh.