Companies

Greencoat Renewables powers 750,000 homes as revenue grows 15 per cent

Increasing its overall capacity to 1.5GW, Greencoat said that its renewable operations saved over 1.3 million tonnes of CO2 emissions in 2023

Ronan Murphy, the non-executive chairman of Greencoat, said that the investment case for renewables remained strong ‘despite macroeconomic headwinds’. Picture: Getty Images

Greencoat Renewables has reported a 15 per cent increase in revenue in 2023, as it produced enough energy to power over 750,000 homes.

The Irish-listed renewable energy company’s annual results reported that it generated 3,754 GWh of electricity in 2023, a more than 50 per cent increase from 2,487 GWh in 2022.

Increasing its overall capacity to 1.5GW from 1.2GW, Greencoat said that its renewable operations saved over 1.3 million tonnes of CO2 emissions in ...