Greencoat Renewables Plc (DE:GRP) has released an update.
Greencoat Renewables PLC has reported a robust financial performance with a Net Asset Value of €1,273.7 million and announced a quarterly interim dividend of 1.685c per share. Despite lower short-term power prices, the company maintained stable NAV and has declared an intention to launch a buyback program of €25 million, while also actively managing assets, including a new 10-year power purchase agreement with Keppel DC REIT. This strategic financial management has supported a reduction in debt, with the company focusing on sustainable growth in the renewable energy sector.
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