Greencoat Renewables has reported its results for the year ended 31 December 2025, covering performance across its renewable energy portfolio in Europe. The company generated 3,684 gigawatt-hours (GWh) of electricity during the year from a portfolio with total installed capacity of 1.4 GW across 36 renewable generation and storage assets in five European countries.
Cash generation reached €114.6 million compared with €140.8 million in 2024, resulting in net dividend cover of 1.5 times. Dividends paid during the year totalled €75.6 million. Net asset value stood at 99.0 cents per share, down from 110.5 cents in 2024.
During the year Greencoat Renewables completed the disposal of a 116 MW portfolio of Irish assets, generating proceeds of €156 million including €17 million in deferred consideration. The transaction represented a premium of about 4% to net asset value. The company also completed the acquisition of the Andella forward-sale asset in Spain.
Aggregate group debt decreased to €1,206 million from €1,263 million in 2024, equivalent to 52% of gross asset value. In June 2025 the company completed an additional listing on the AltX segment of the Johannesburg Stock Exchange.
The company has set a target dividend of 6.81 cents per share for 2026, unchanged from 2025.
Greencoat Renewables also outlined a new capital allocation framework, including a selective disposal programme aimed at recycling up to €350 million of assets over the next 18 months. A share buyback programme of up to €100 million has been launched, equivalent to around 13% of issued capital.
