{"id":824978,"date":"2025-05-21T11:57:50","date_gmt":"2025-05-21T09:57:50","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=824978"},"modified":"2025-06-09T15:46:15","modified_gmt":"2025-06-09T13:46:15","slug":"irish-energy-company-heading-to-the-jse","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/energy\/824978\/irish-energy-company-heading-to-the-jse\/","title":{"rendered":"Irish energy company heading to the JSE"},"content":{"rendered":"\n

Greencoat Renewables, an Irish-incorporated renewable energy infrastructure company, will list on the Johannesburg Stock Exchange next month.<\/p>\n\n\n\n

The company was incorporated in 2017 to become a leading pan-European owner and operator of renewable energy assets.<\/p>\n\n\n\n

The company is a closed-end alternative investment fund regulated by the Central Bank of Ireland.<\/p>\n\n\n\n

The company’s business model is simple: convert wind and solar irradiance to energy, sell clean energy to the grid or off-takers, and generate cash to distribute to investors and reinvest.<\/p>\n\n\n\n

The company acquired its initial seed portfolio in March 2017, comprising two onshore operating wind farms in Ireland, with an aggregate capacity of 137 megawatts.<\/p>\n\n\n\n

Since its IPO in 2017, the company has grown its portfolio to 40 renewable energy assets across five European jurisdictions, including Ireland, France, Germany, Spain and Sweden, contributing 1.5 GW.<\/p>\n\n\n\n

The company aims to give investors an annual Euro dividend, paid quarterly, that increases progressively.<\/p>\n\n\n\n

It also hopes to grow the capital value of its portfolio in the long term through active asset management, reinvestment of excess cash flow, and prudent use of leverage.<\/p>\n\n\n\n

The company is managed daily by Schroders Greencoat LLP, a manager of renewable infrastructure assets with \u20ac11 billion under management as of 31 December 2024.<\/p>\n\n\n\n

Greencoat Renewables has a market capitalisation of roughly \u20ac844 million (R17 billion) and has primary listing on the London Stock Exchange’s Alternative Investment Market (AIM).<\/p>\n\n\n\n

It also has a primary listing on the Euronext Growth Market, operated by the Irish Stock Exchange. <\/p>\n\n\n\n

Coming to South Africa <\/strong><\/h2>\n\n\n\n
\"\"<\/a><\/figure>\n\n\n\n

The JSE has granted Greencoat Renewables approval for a secondary listing of all its issued ordinary shares, being 1,113,535,009 ordinary shares with a par value of \u20ac0.01 each.<\/p>\n\n\n\n

The shares will trade on the JSE’s AltX through an introduction via the JSE\u2019s fast-track listing process. They will begin trading on Monday, 9 June 2025, under the share code GRP.<\/p>\n\n\n\n

The company’s rationale for the secondary listing on Altx is to broaden its shareholder base with new South African-based investors.<\/p>\n\n\n\n

The secondary listing will also give South African-based investors a local platform to invest in and trade GRP shares more easily.<\/p>\n\n\n\n

It will also diversify the company’s shareholder base and position it for future growth, and increase liquidity for shareholders on the AIM Euronext Dublin.<\/p>\n\n\n\n

It will also allow for the acquisition of future capital in a new market to fund growth when market conditions allow. Significantly, no capital is being raised as part of the listing on the JSE. <\/p>\n","protected":false},"excerpt":{"rendered":"

Greencoat Renewables will list on the JSE in June, as it looks to broaden its shareholder base with new South African investors. <\/p>\n","protected":false},"author":95,"featured_media":649511,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9874,13700],"tags":[22621],"class_list":["post-824978","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","category-enterprise","tag-greencoat-renewables"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/824978","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=824978"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/824978\/revisions"}],"predecessor-version":[{"id":825013,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/824978\/revisions\/825013"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/649511"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=824978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=824978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=824978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}