Greencoat Renewables - Small but high-quality acquisition

Davy Research
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Greencoat continues to execute on the acquisition opportunity across multiple asset types. Letteragh is similar to several other small- to mid-sized acquisitions which Greencoat has completed in Ireland in recent years. While small (c.3% of expanded installed base), it adds another high-quality, recently commissioned and long-length contracted revenue asset to the portfolio. Ample headroom and an active pipeline suggest further assets will be added in due course.