Greencoat Renewables is a first cousin of the Reits, those much-maligned investment vehicles that have largely left Ireland in recent years. Like a Reit, Greencoat is a vehicle for channelling funding from stock market investors into concrete Irish assets. In a Reit’s case, the assets are buildings; in Greencoat’s case, they’re wind turbines. Why does the government want companies like Greencoat? Because it needs lots of wind turbines, and having a direct channel from global capital markets helps get them built. The company buys wind farms off developers once they are built, allowing them to recycle the capital into new…

Want to continue reading?

Introductory offer: Sign up today and pay €200 for an annual membership, a saving of €50.

Subscribe

Cancel at any time.

Are you already a member? .