New Green Digital Infrastructure Platform Launch

Greencoat Renewables PLC, announces it is investing in its first green digital infrastructure opportunity in Ireland and launching a new platform (the "Platform") to capitalise on the opportunity of renewably powered data centres.

The Platform will focus on opportunities where grid access, land and energy infrastructure can be combined to serve the fast-growing and high energy requirements of digital infrastructure, supporting AI-led growth, and will leverage Greencoat Renewables' experience as one of Europe's leading listed renewable infrastructure investors.

The Platform's first investment is Drogheda Energy Park, on Ireland's east coast. The ambition of the Platform is to invest in further data centre opportunities in Ireland and other European countries.

The platform is a 50:50 joint venture between Greencoat Renewables PLC and Schroders Greencoat's evergreen vehicle, SCSL Global Energy Infrastructure.

Paul O'Donnell, Investment Manager at Schroders Greencoat, said:

"There is an exciting opportunity in integrating data centre demand with renewable energy generation to support the rapid growth of AI driven digital infrastructure. 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.

Ireland is at the start of the next digital infrastructure investment cycle, supported by innovative new Government policy. AI driven demand for data centres, combined with the need to deliver sustainable energy solutions to support the national grid, calls for trusted, experienced operators who can deliver on Ireland's energy needs at scale. We are well positioned to deliver large, high-impact projects that will boost energy security, support digitalisation, and contribute to Ireland's net-zero ambitions."

Irish Market Opportunity

Ireland is one of the leading European markets for hyperscalers and large energy users and is entering the next cycle of digital infrastructure development following the Irish Government's recently launched Large Energy-Users Action Plan (LEAP). LEAP is a pioneering framework for enabling the build out of digital infrastructure in a way that minimises impacts on the grid and supports national climate objectives. It has the potential to be replicated throughout Europe and aligns closely with the Company's ambitions for this Platform.

Energy supply and power management are considered the most complex and value-critical part of delivering data centres and digital infrastructure at scale, encompassing generation, grid connection, storage, balancing and regulation. Greencoat Renewables has the scale, generation capacity, relationships and grid expertise in Ireland to capitalise on this opportunity.

Drogheda Energy Park

The Platform's first investment will be Drogheda Energy Park, a measured but strategically significant first step into a large and fast-growing market opportunity. The Platform has acquired the Premier Periclase facility in Drogheda, County Louth, approximately 40km north of Dublin. The site is a brownfield industrial site located beside Drogheda Port, with access to significant existing infrastructure. It will be developed as an integrated energy park combining flexible on-site generation, storage, and advanced grid-services capability. The site intends to source its electricity requirements from renewable energy assets through corporate power purchase agreements, decarbonising energy usage for co-located large energy users. Drogheda Energy Park is at an advanced stage of planning consent for its initial 36MW data centre project with significant local support for the further development of the energy park.

The development of Drogheda Energy Park is also expected to support regional investment and employment through the reuse and remediation of an established industrial site.