Greencoat Renewables PLC (LON:GRP), the renewables investor managed by Schroders Greencoat LLP, on Thursday said it is launching a new green digital infrastructure platform to take advantage of the opportunity of renewably-powered data centres.

Data center. Author: Ethen Rera. License: CC BY-SA 2.0.

The platform, a 50:50 joint venture between Greencoat Renewables and Schroders Greencoat’s evergreen fund SCSL Global Energy Infrastructure, will target opportunities where grid access, land and energy infrastructure can be combined to meet the growing energy needs of digital infrastructure and support AI-led growth. Its first investment is Drogheda Energy Park on Ireland’s east coast.

The site is a brownfield industrial site, which will be developed as an integrated energy park combining flexible on-site generation, storage and advanced grid-services capability. The electricity will be sourced from renewable energy assets via corporate power purchase agreements, contribution to decarbonisation of co-located large energy users. Drogheda Energy Park is seeking planning consent for its initial 36-MW data centre project.

The platform aims to invest in more data centre opportunities in Ireland and other European countries.

“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,” said Paul O’Donnell, Investment Manager at Schroders Greencoat.

Greencoat Renewables also presented its 2025 results. The business generated 3,684 GWh of electricity, 10% below budget due to low wind resource with the exception of Sweden. At the end of the year, the company had 1.4 GW of installed capacity, mainly wind but also solar and storage, across five European countries — Ireland, France, Germany, Spain and Sweden.

Net asset value (NAV) per share was EUR 0.99, compared to EUR 1.105 in 2024, affected by power price weakness in mainland Europe and the Nordics, as well as P50 revisions made as part of a portfolio review.

“2025 saw a strong operational performance against the backdrop of low wind volumes across Europe. Our net cash generation was robust, and our dividend well covered,” said Ronan Murphy, Non-Executive Chairman of Greencoat Renewables.

“Beyond our operational performance, the business has been focused on broader strategy in response to the persistent discounts to NAV across the sector. We are announcing a new proactive approach of significant scale.”

Actions include a disposal programme to recycle up to EUR 350 million (USD 407m) of assets over the next 18 months, as well as a 12-month buyback programme of EUR 100 million.

The company is also making investments for the medium term, including the launch of the green digital infrastructure platform to develop green energy data centres and energy parks, Ronan Murphy added.

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