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Greencoat Renewables Expands with Solar Farm Acquisition

Greencoat Renewables Expands with Solar Farm Acquisition

Greencoat Renewables Plc (DE:GRP) has released an update.

Greencoat Renewables PLC has bolstered its renewable energy portfolio by acquiring a 50% stake in the South Meath Solar Farm in Ireland, alongside Schroders Greencoat LLP who purchased the remaining share. The deal, completed with Statkraft, is accompanied by a long-term Power Purchase Agreement (PPA) with a leading technology company, ensuring stable cash flow and highlighting the importance of renewables in supporting the tech industry’s growth.

For further insights into DE:GRP stock, check out TipRanks’ Stock Analysis page.

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