Wind and solar energy group Greencoat Renewables has reported lower revenues and EBITDA for 2025 as it announced the launch of a new green digital infrastructure platform which will invest in green energy parks to support large energy users and the growing energy needs of AI.
Greencoat said it generated a total of 3,684 GWh of clean electricity last year across 36 renewable generation and storage assets in five European countries.
Greencoat said its revenues for the year to the end of December fell by 17% to €296m, while EBITDA for the year decreased by 24% to €158m.
Its portfolio generated renewable energy sufficient to power about 770,000 homes, which it said prevented around 1.4 million tonnes of CO₂ emissions.
During the year it completed the disposal of a 116MW portfolio of Irish assets for a total of €156m, while it also completed the acquisition of the Andella forward-sale asset located in Spain.
2025 also saw the company's additional listing on the AltX segment of the Johannesburg Stock Exchange, which was completed in June.
It reported cash generation of €114.6m for 2025, down from €140.8m the previous year.
Greencoat today also announced the launch of a new green digital infrastructure platform and its first investment, Drogheda Energy Park.
The platform - a 50:50 joint venture between Greencoat Renewables and Schroders Greencoat's evergreen vehicle, SCSL Global Energy Infrastructure - aims to invest in further data centre opportunities in Ireland and other European countries.
It said the new platform will focus on opportunities where grid access, land and energy infrastructure can be combined to serve the fast-growing and high energy requirements of digital infrastructure, supporting AI-led growth.
Paul O'Donnell, Investment Manager at Schroders Greencoat, said the new platform is an exciting opportunity in integrating data centre demand with renewable energy generation to support the rapid growth of AI driven digital infrastructure.
"Building on our track record in renewable energy generation, Drogheda Energy Park represents a logical next step for our business and a blueprint for future investment opportunities," he said.
He noted that Ireland is at the start of the next digital infrastructure investment cycle, supported by innovative new Government policy.
"AI driven demand for data centres, combined with the need to deliver sustainable energy solutions to support the national grid, calls for trusted, experienced operators who can deliver on Ireland’s energy needs at scale.
"We are well positioned to deliver large, high impact projects that will boost energy security, support digitalisation, and contribute to Ireland’s net-zero ambitions," he added.
Ronan Murphy, non-executive chairman of Greencoat Renewables, said that 2025 saw a strong operational performance against the backdrop of low wind volumes across Europe.
"Beyond our operational performance, the business has been focused on broader strategy in response to the persistent discounts to NAV across the sector," Mr Murphy said.
He also said that after a holistic portfolio review, the company has begun an initial more than €300m asset disposal programme to recycle capital and tighten focus on our strongest markets.
"In the near-term, and our highest priority, we will be returning significant capital to shareholders via our intended €100m share buyback programme and deleveraging the business," he said.
"Alongside this we are making measured but important investments for the medium term, including the launch of a new green digital infrastructure platform to develop green energy data centres and energy parks," he stated.
"Looking forward, Greencoat Renewables has a clear plan; the scale, quality, and cashflows to move strategically and return capital to investors; and an exciting opportunity set for which we are building the foundations," he added.
Greencoat Rewewable shares jumped in Dublin trade today.
