Greencoat Renewables to list on Dublin and London stock exchanges

The investment vehicle will be listed on AIM and in Dublin

The new firm aims to build a portfolio of renewable electricity assets with an initial focus on wind assets in Ireland, where it sees an opportunity to consolidate operational wind farms.

The company said the move would make it the first renewable energy infrastructure company to be listed on the Irish Stock Exchange, providing it with capital to invest in operating Irish wind farms.

"Our intention to raise new capital and list on the Irish and London Stock Exchanges is an exciting next step for Greencoat Renewables", Mr Murphy said.

In March it acquired a 137-MW seed portfolio of two operating Irish wind farms from Brookfield Renewables Ireland.

United Kingdom solar and wind asset owner Greencoat Renewables is eying an IPO to raise as much as €250 million (US$280 million) to pursue additional wind and solar projects across Europe.

79 dead, missing in wake of London high-rise fire
Meanwhile, British Prime Minister Theresa May admitted that support for families in the "initial hours" was "not good enough". The Prime Minister said there had been "huge frustrations" on the ground as people struggled to find information.

Greencoat would join esteemed company on the London Stock Exchange with funds from established United Kingdom asset owners such as Foresight and NextEnergy Capital - who hold significant shares of United Kingdom solar capacity - also listed. "ISIF and AIB, who funded the company's acquisition of the seed portfolio, have made conditional investment commitments of up to €105m (in aggregate) in the capital raising", the company said.

Bertrand Gautier, partner of Greencoat Capital, the Investment Manager, said the company offered an attractive proposition to investors.

In a statement, Greencoat said it expects to be the first listed renewable energy infrastructure company on Irish Stock Exchange.

Rockpool said it has been formed to undertake an acquisition of a company or business headquartered or materially based in Northern Ireland.

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