Greencoat Renewables lists on the JSE's AltX, expanding its investor base

GREENCOAT Renewables Plc (GRP), a leading owner and operator of European renewable energy infrastructure assets, officially debuted its secondary listing on the JSE's AltX on Monday.

- PHILIPPA LARKIN

GRP remains listed on the Alternative Investment Market in London and the Euronext Growth Market in Dublin.

The listing presents a significant opportunity for the Irish-based company, which has a current market capitalisation of €850 million (R17.2 billion), to diversify its shareholder base, enhance liquidity and position itself to take advantage of growth opportunities over time, it said in a statement.

GRP offers South African investors access to a large and diversified Pan-European platform consisting of 40 renewable energy assets across five countries, producing 1.5GW of energy. This high-quality and modern portfolio is underpinned by long-term, European government-backed cashflows.