What’s going on with this Facebook leak and am I affected? The firm has about £6 billion ($8 billion) of assets under management, according to its website. Please visit our Privacy Policy page for more information about cookies and how we use them. Greencoat Renewables acquires Ireland's Glencarby wind farm ShareCast 09:52 1-Apr-21 Circassia Group Plc Block Listing Application ADVFN 09:08 1-Apr-21 Shares in Parsley Box dip as stock debuts The Scottish Herald 05:04 1-Apr-21 Paul O’Donnell, investment manager at Greencoat Capital, said that the acquisition announced today is a step forward in that expansion strategy. This is as per a 15-year term agreed when John Laing bought the windfarm from Ecopower in 2015. The company said that net proceeds would go towards refinancing its revolving credit facility to invest more than €500m in acquisition opportunities in Ireland and other parts of Europe. 150 N. Michigan Ave. An analytical mind is helpful, Looking for a new job? Is it time for DC plans to embrace private equity? Our Website uses cookies to improve your experience. Any deal would add to the $48 billion in takeovers of U.K. companies announced this year, up 140% from the same period in 2020, according to data compiled by Bloomberg. Do you know what happens to your data on a typical day? How do companies ensure diversity in their workforce? There is now a good range of sustainable funds available to UK investors and the amount of money in them is growing, says AJ Bell financial analyst Laith Khalaf. The firm also manages Greencoat Renewables PLC, another publicly traded investment fund, as well as solar and bioenergy funds aimed at institutional investors. A representative for Greencoat declined to comment. The tech company’s latest renewable energy investments include solar projects in the US and the world’s largest onshore wind turbines in Denmark. 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This ties in with good choices in general for partnerships when consulting consortia are required by the client.’ ‘Natasha Luther-Jones stands out as a friendly and knowledgeable expert in the field. Greencoat Renewables has today (1 April) announced its latest acquisition. The asset manager is in the early stages of speaking with potential advisers as it weighs strategic options, the people said, asking not to be identified because the information is private. 685 Third Avenue Mr. Nourse previously worked at storied British investment bank Morgan Grenfell & Co., as well as an arm of the U.K. government, where he helped manage the state's investments in nuclear power generators including British Energy and Urenco. Designed by Zero-G and Square1.io. Greencoat Renewables has today (1 April) announced its latest acquisition. 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Get access to the news, research and analysis of events affecting the retirement and institutional money management businesses from a worldwide network of reporters and editors. The Irish renewable infrastructure company has purchased the onshore windfarm from John Laing for an undisclosed sum. Accenture acquires Core Compete to boost its cloud offering, Fintech giant Square begins roll-out of services in Ireland, Irish fintech company Sentenial scooped up by EML in €110m deal, Coinbase books up to $800m in profits ahead of public listing, Google AI loses another leader following firing of ethics researchers, Facebook’s acquisition of Kustomer attracts EU scrutiny, In another social media scrape, 500m LinkedIn users’ data is up for sale, ‘Digital transformation involves more than technology’. 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Greencoat benefits from being in one of the hottest areas of finance at a time when investors' money is increasing moving into long-term infrastructure assets providing higher yields. The asset manager is … It bought a windfarm in Killala in Co Mayo for €37.2m in 2019 and late last year agreed to purchase windfarms in Co Cavan and Co Offaly from Norwegian company Statkraft. Commentary: Is it time for an emerging markets rally? To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market. All rights reserved. Greencoat Capital, one of the U.K.'s biggest managers of renewable energy funds, is considering a potential sale, people with knowledge of the matter said. Shares in Scottish Mortgage, last year’s global growth juggernaut, are up 13% since I hailed them a ‘buy’ last week after a painful slide since mid-February. Greencoat was founded in 2009 by veteran dealmaker Richard Nourse, the former head of Merrill Lynch's energy and power team for Europe, the Middle East and Africa. 7 US companies hiring in Ireland right now, 7 of the coolest science jobs in the world, Thinking about a career in marketing? Greencoat Capital, one of the U.K.'s biggest managers of renewable energy funds, is considering a potential sale, people with knowledge of the matter said. Irish businesses have more work to do on cybersecurity, PwC says, Leak of 500m Facebook users’ data re-opens old wounds. It runs Greencoat UK Wind PLC, a listed infrastructure fund that has a market value of about £2.6 billion and is a member of the benchmark FTSE 250 Index. Renewable infrastructure company Greencoat Renewables has acquired a Tipperary wind farm for an undisclosed sum . That's helping to lead to a flurry of deals for green energy assets and the companies that build and manage them. It’s been a b Choose your news – we will deliver. Two, Greencoat UK Wind (UKW), another FTSE 250 stock, is even more likely to gain. Where in the world has the cheapest mobile data plan? So far, so good. As most of the costs are fixed and borne at set-up, … Greencoat Capital set up Greencoat Renewables for a €270 million initial public offering in 2017, attracting the Ireland Strategic Investment Fund and AIB as key anchor investors. Another renewables asset manager, Foresight Group, raised £227 million through a London initial public offering in February that valued the company at £455 million. “We are also pleased to have closed our second transaction with John Laing, again demonstrating our ability to transact with leading investors and developers across the sector. Image: Greencoat Renewables. Deliberations are ongoing, and there's no certainty they will lead to a transaction, the people said. Greencoat has a team of about 50 investment professionals, spread between its London headquarters and a second office in Dublin. 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The Dublin-based renewable infrastructure company has invested an undisclosed sum in the 35.6MW Glencarbry windfarm in Co Tipperary, which is owned by John Laing Group. Last December, Greencoat Renewables raised €125m in an oversubscribed share placing. New Outlook on Income: A Framework for Evaluating DC Retirement Income Solutions, Innovations in DC: Helping supercharge retirement outcomes, POLL: The year ahead for the 1,000 largest U.S. retirement funds, Macquarie closes latest renewable energy fund at $1.9 billion, Nuveen to acquire clean energy firm Glennmont Partners, Manulife takes stake in China clean energy infrastructure boutique, Green and sustainable bonds in emerging markets, For institutional investors, ETFs can make meeting liquidity needs easier, Gold: the most effective commodity investment, 2021 Investment Outlook | Investing Beyond the Pandemic: A Reset for Portfolios, Ten ways retirement plan professionals add value to plan sponsors. Shares in Scottish Mortgage, last year’s global growth juggernaut, are up 13% since I hailed them a ‘buy’ last week after a painful slide since mid-February. Renewables also suit investment trusts' reputation for being able to maintain income payouts. Even as it assails China, Trump administration emulates it, Skeptical of Main Street support for proxy adviser proposal, Focus on manager diversity pushes asset owners’ to walk the talk, Research for Institutional Money Management, Top questions for institutional investors, Growth and Innovation in Emerging Markets, Help us help you by supporting quality journalism. Sign up and get the best of News delivered straight to your email inbox, free of charge. Renewable power assets are in high demand as the world moves away from fossil fuels to low-carbon energy sources. I think it is due for recovery and could be a good investment over the long term. Invest automatically with a monthly Direct Debit from £25 per investment. It’s been a b So far, so good. Through a number of recent windfarm investments, Greencoat Renewables’ total installed generating capacity is now at 685.6MW. The company is … Choose your investments first, and your Direct Debit amount for each one. In February of this year, the company acquired a 43.2MW windfarm in Finland for approximately €60m as part of its European expansion strategy. (Sharecast News) - Euro-denominated renewable infrastructure investment company Greencoat Renewables announced the acquisition of the Glencarbry wind farm from John Laing Group on Thursday. Open banking start-up TrueLayer secures $70m Series D round. We continue to see a range of attractive opportunities, both in Ireland and the wider European market.”, Related: energy, deals done, Tipperary, Renewables, wind, Lisa Ardill is careers editor at Silicon Republic, All content copyright 2002-2021 Silicon Republic Knowledge & Events Management Ltd. Reproduction without explicit permission is prohibited. Renewable energy investor Greencoat Renewables has purchased Glencarbry wind farm in county Tipperary from John Laing Group. Greencoat could attract interest from other fund managers looking to gain expertise in environmentally friendly investments, the people said. “We are pleased to continue our strategy of consolidating the Irish renewable energy market with the acquisition of Glencarbry windfarm, another high-quality asset with long-term contracted revenues,” he said. Glencarbry has 12 onshore turbines that have been in operation since July 2017. The Glencarbry Wind Farm, which has been in … New York, NY 10017-4036, Chicago Office Main Office Greencoat Capital is one of the UK's biggest managers of renewable energy funds, acting as investment manager to FTSE 250-listed Greencoat UK Wind PLC and also Greencoat Renewables … Build and manage them Greencoat Renewables has today ( 1 April ) announced its latest.... 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