Renewable energy investor Greencoat Renewables said it generated a total of 1,927 GWh of clean electricity in the six months to the end of June, up from 1,489 GWh generated the same time last year.
Greencoat generated net cash generation of €113.6m, down from €125.5m in the first six months of last year.
The company has recently completed the purchase of a 50% share of the 80MWp South Meath solar farm in Co Meath.
Greencoat said that Big Tech and AI are driving increased demand for clean energy and it said it has signed a ten year Power Purchase Agreement with a leading data centre owner in Ireland.
Rónán Murphy, Non-Executive Chairman of Greencoat Renewables, said the company continued to benefit from strong cash generation and sector leading dividend cover.
"As one of the largest listed owners of European renewables, with a diversified portfolio across six European countries, we have the knowledge and the ability to capitalise on long-term positive trends in the sector," Mr Murphy said.
"Proactive revenue management has enabled us to enter into Power Purchase Agreements with reputable corporates, as we leverage the increasing demand from Big Tech for clean energy," he said.
Mr Murphy said the opportunity and investment case for renewables remains strong with operating assets attractively priced in historical terms.
"We are well positioned to take advantage of opportunities as they arise through our on the ground experts and active approach to asset management. As such, we are confident and determined to continue to play a leading role in enabling the energy transition while delivering for our shareholders," he added.
