Greencoat Renewables has a ten-year PPA with Keppel DC REIT. This deal further anchors Greencoat’s strategy of providing predictable, renewable energy. This agreement marks an important milestone for Greencoat, which has a portfolio of over 1.49 gigawatts (GW) of owned generation capacity. Under the terms of the PPA, Greencoat will supply 100% of the electricity produced by the Ballincollig wind farm located in Ireland. This renewable energy will be delivered directly to Keppel.
According to the announcement, the signing of the PPA fits with Greencoat Renewables’ strategy of re-contracting to establish long-term, stable revenues. The firm has an impressive pedigree. The company’s long-term Power Purchase Agreements (PPAs) average more than eight years in duration and span a diversified portfolio of geographies and technologies. Since December 2023, Greencoat has signed six PPAs with success, ensuring its energy output of around 540 gigawatt hours (GWh) annually.
Our Ballincollig wind farm plays an important role in producing this output, generating 31.5 GWh of clean electricity every year – enough to power 8,000 homes. We completed the definitive agreement with Keppel DC REIT. This was just ahead of the asset’s change from a regulated tariff structure in June 2025. This PPA will account for 20% of Greencoat’s expected merchant volumes through 2029. This will guarantee a predictable increase in contracted revenues through at least 2036.
Greencoat Renewables supports this increasing energy needs, especially with the rapid growth of the data center industry. Despite these concerns, they view a major avenue of growth in the increasingly lucrative artificial intelligence-powered digital economy. At the core of this understanding, the company knows that data centers powered by renewable energy are key to ushering in the next evolutionary step of their economic development.
Paul O’Donnell, representing Greencoat Renewables, emphasized the importance of this agreement:
“This agreement is a clear demonstration of our ability to execute our re-contracting strategy, securing long-term cash flows and supporting asset value.” – Paul O’Donnell
Greencoat Renewables highlighted its ongoing commitment to sustainability and partnership:
“This agreement also further strengthens our position as a trusted partner to leading power buyers, supporting their decarbonisation efforts and advancing the energy transition. As one of Europe’s leading listed owners and operators of renewable energy infrastructure assets, we see a significant opportunity in the accelerating energy demand driven by data centre growth and the broader AI-led digital economy. Data centres powered by renewable energy will be a key industrial enabler for the next phase of economic development. Greencoat Renewables is strategically positioned to deliver cost-effective, clean power — supporting the ambitions of our partners and contributing to sustainable economic growth.” – Greencoat Renewables
