Greencoat Renewables PLC announced the signing of a 10-year Power Purchase Agreement ('PPA') for its Ballybane Phase 1 wind farm, with Keppel DC REIT. The wind farm has an annual output of 67 GWh of renewable energy, of which Keppel DC REIT will purchase 100% of the electricity generated, significantly contributing to its net zero objectives for 2030. The agreement underpins the critical role that renewables have to play in powering demand from the global acceleration of technology, impacted by recent advancements in Artificial Intelligence.

As fixed price incentive regimes conclude and demand for green energy increases, Greencoat Renewables expects to continue to deliver PPAs with large, highly reputable counterparties such as Keppel DC REIT, as part of its core strategy.