Renewable energy investor Greencoat Renewables has said it will raise €100m in a share sale to facilitate acquisitions.
The share sale is part of a broader 350 million share issue over the next year.
88 million shares are to be sold in the first phase at €1.13 per share, which represents a discount of around 7% on last night's closing price.
The company said the funds will provide it with greater financial capacity to take advantage of an active secondary market for wind assets in Ireland and to pursue identified opportunities in targeted European markets.
Greencoat Renewables said the secondary wind market remains very active and it is currently considering over €500m of asset sale processes in Ireland and Europe.
The company listed in July 2017, raising gross proceeds of €270m, and it subsequently raised a total of €258.7m.
Total capital raised to date from shareholders stands at €528.7m.
Earlier this week, Greencoat Renewables said it had bought the Killala Community Wind Farm in Co Mayo for €37.2m.
The company said that further proceeds will be paid once a new turbine is added to the farm, which will bring its output to 20.4 mega watts.
Ronan Murphy, non-executive chairman of Greencoat Renewables, said the secondary wind market in Ireland continues to offer considerable value for the company.
"We are very pleased with the progress made, both in acquiring value-accretive generational capacity from a wide range of sellers, and in operating those assets effectively," Mr Murphy said.
"The pipeline for further acquisitions in Ireland remains strong, and we are evaluating attractive opportunities elsewhere in Europe," he added.
