Shares in the renewable energy infrastructure investment company, Aquila European Renewables, has begun trading on the Euronext Dublin exchange.

408,222,705 of the UK based firm's shares listed at 83c each, giving it a market capitalisation of €338.8m.

Its shares are also listed on the London Stock Exchange.

The company invests in renewable energy technologies across continental Europe and the Republic of Ireland.

It specialises in renewable energy infrastructure in the sectors of wind, photovoltaic energy and hydroelectric power plants.

In particular, it targets assets which are expected to generate renewable energy output for at least 25 years from their commissioning date.

"Our listing on the Dublin market will allow us to further deploy our energy transition investments in the Republic of Ireland but also beyond in continental Europe," said Ian Nolan, Non-Executive Chair of Aquila European Renewables plc.

"With the listing, we can offer daily liquidity within a segment of long-term illiquid assets, thereby enabling investors to diversify their portfolios with assets that otherwise would be difficult for them to access."

Since its initial public offering four years ago, Aquila European Renewables has had a return of 23.7% total net asset value per share.

The company has a fully operating portfolio of renewable energy projects with a total of 464 MW capacity across 12 investments and 6 countries and power markets.

Its listing in Dublin, albeit on the Euronext Dublin Growth market, comes at an important time for the exchange, following the departure of CRH and the expected movement of Smurfit Kappa’s listing to the US when its merger with WestRock completes.