Category: Utilities, Energy & Power

Greencoat Renewables to develop Finnish windfarm in massive €60m deal

This will be the first transaction in the Nordic market for the renewable infrastructure company.

Greencoat Renewables, which is headquartered in Dublin is a renewable infrastructure company, which is acquiring a windfarm in Finland for approximately €60m.

The Kokkoneva windfarm is currently under construction in Siikalatva, Finland, and commercial operations are expected to commence in the second quarter of 2022. The transaction will only be completed once the development is fully operational.

Abo Wind will finance and manage the construction of the windfarm and will provide operational management services once it is operational. It is a subsidy-free windfarm and has entered a 10-year fixed-price power purchase agreement (PPA) with Gasum, Finland’s state-owned gas utility, for the majority of the electricity generated.

Greencoat said that this deal, which marks the company’s first transaction in the Nordic market, is line with its European expansion strategy.

Last December, Greencoat Renewables raised €125m in a share placing. The company said net proceeds would be used to refinance its revolving credit facility to take advantage of more than €500m worth of acquisition opportunities in Ireland and other target European countries.

The company announced back in December 2020 that it would buy two new windfarms here in Ireland , located in Co Offaly and Co Cavan, when they become operational next year.

Source : Silicone Republic

Top utilities employers in Ireland

Top employers in the utilities, energy and renewables sector

The most popular employers in the utilities, energy and renewables sector.
The top employers in the utilities, energy and renewables sector for 2018/19, as voted for by students and graduates, are:

1. ESB

Find out more about graduate careers with ESB here here

2.Bórd na Móna

Bord na Móna is an Irish company operating six business units: power generation, biomass, resource recovery, peat, horticulture, and fuels


Coillte is a state-sponsored forestry management company, focusing on innovative and sustainable management of natural resources.

4. EirGrid

EirGrid plc is the state-owned electric power transmission operator in Ireland.

5. SSE Airtricity

SSE Airtricity was founded in Ireland in 1997 and is now an energy company owned by SSE plc. It is an international wind farm developer and energy company.

6. Irish Cement

Irish Cement Ltd is part of the CRH Group, one of the world’s leading building materials companies which is headquartered in Dublin

7. Veolia Water

Veolia is an Irish environmental services company. They provide a range of energy, waste and water solutions.

8. Ervia

Ervia, previously known as Bord Gáis or Bord Gáis Éireann, is a multi-utility company distributing pipeline natural gas, water services and dark fibre services in Ireland.

The Ireland’s 100 leading graduate employers survey is part of the European Student Barometer and is conducted by Europe’s leading graduate research firm, trendence.

For more information on major graduate employers visit gradireland employers