Renewable infrastructure company Greencoat Renewables said it raised €125m from its recent over subscribed share sale.
Greencoat placed over 110 million shares at €1.13 each at the end of last month.
That amounted to about a fifth of the company's ordinary share capital prior to the placing.
The company said the new funds will be used to refinance its revolving credit facility.
It also said the funds will provide "financial flexibility" to take advantage of a pipeline in excess of €500m in value accretive acquisition opportunities in Ireland and in other target European countries.
Rónán Murphy, the Chairman of Greencoat Renewables, said the company sees a considerable pipeline of potential investments across Europe.
"In combination with our recently announced term debt facility, this placing gives us the ability to pursue a range of value accretive opportunities and continue to build a high-quality portfolio of assets with long-term, contracted revenues," Mr Murphy said.
