European renewable energy infrastructure asset owner and operator Greencoat Renewables (GRP) officially listed on the AltX of the JSE on June 9.

This is a secondary listing for the company, which is already listed on the LSE’s Aim and the Euronext Growth Market in Dublin.

GRP has a diversified portfolio of wind, solar and battery storage assets across several European jurisdictions. It is managed by specialist renewables investment manager Schroders Greencoat.

GRP co-portfolio manager Bertrand Gautier said the company was thrilled to be listing on South Africa’s pre-eminent bourse.

“This presents us with access to a deep capital market with sophisticated investors who are familiar with and attracted to GRP’s value proposition. The JSE also has an excellent record of supporting real asset companies and is expected to provide a strong platform for future growth,” he commented.

Gautier leads the GRP portfolio team together with Paul O’Donnell, who expressed that the company was proud to offer South African investors access to its diversified pan-European platform consisting of 40 renewable-energy assets across five countries, producing 1.5 GW of energy.

“The European energy transition will require €1.5-trillion in investment to 2030. When considered in the context of a material increase in demand for green electrons by data centres, which are fuelled by big tech and AI, the sector represents a unique and compelling long-term opportunity for investors,” O’Donnell said.

In 2024, GRP produced €141-million in net cash. Of that, €74-million was distributed to investors as dividends, while the rest was reinvested into the business.

O'Donnell said this reflected the company’s strong record of delivering reliable and consistent returns to investors – reinforced by GRP’s scale, its well-established presence across Europe and the team’s ongoing focus on value-enhancing asset management.

GRP’s AltX listing was marked by a formal event held at the JSE, in Sandton, where a keynote address was delivered by Ireland’s ambassador to South Africa, Austin Gormley.

He described GRP as Ireland’s leading owner and operator of renewable-energy assets and, holding about 20% of Ireland’s total wind energy capacity, is considered a cornerstone player in the sector.

“This listing will no doubt attract interest from South African investors and international investors across the African continent. The capital being raised is strongly aligned with the Irish government’s commitment to achieving net-zero emissions by 2050 and it also supports the EU’s Green Deal, which shares that same 2050 net-zero target.

“South Africa, like many others, stands to benefit from the capital raised and the investments made in renewable-energy assets through this initiative,” he said.

JSE Capital Markets director Valdene Reddy said the stock exchange was delighted to welcome GRP to the JSE.

“This listing not only emphasises the strength of our secondary listing framework but also reflects the global confidence in South Africa as an attractive investment destination. GRP’s presence on our exchange not only expands the number of listed companies but also offers local investors access to a leading player in the renewable-energy space,” she added.