Greencoat Renewables

Positive read-across from Neoen deal for renewable energy producers

  • Sectors : Utilities
  • Companies : Greencoat Renewables

Ratings and price correct at time of issue.

  • Greencoat Renewables

    Closing Price: 109c

  • RATING 24/08/17

  • PREVIOUS RATING N/A

DAVY VIEW

Neoen’s recent acquisition offers several insights that are important for renewable energy producers in Ireland. The deal suggests that, in due course, there is scope to both repower more established operating assets in the country and replace subsidy support with corporate PPA arrangements. Both should boost the scale and value of renewable opportunity in Ireland. Therefore, it has potentially positive consequences for Greencoat Renewables.

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Aug 6 2019, 07:25 IST/BST

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