GreenCoat Renewables PLC , one of Europe’s leading renewable energy infrastructure owners, seeks listing on the Johannesburg Stock Exchange (JSE’s) AltX.
Patrycja Kula, of Capital Markets said this move illustrates the global relevance of South Africa’s capital markets and their ability to support energy transition ambitions.
Green coat has a portfolio in wind, solar, and storage in five countries.
Kula said this listing not only offers South African investors access to a high-yield, Euro-denominated infrastructure portfolio, but also opens the door for similar locally rooted infrastructure assets—especially in renewables and utilities—to follow suit.
“It reinforces the JSE as a viable platform for infrastructure financing, capital recycling, and sustainability-linked growth.
We’re excited about what this means for deepening liquidity, expanding investor choice, and creating new pathways to fund South Africa’s infrastructure needs.”
GreenCoat has a market capitalisation of €850 million, with a current dividend yield of c9% and a dividend cover of c.1.x to 2029.
Bertrand Gautier, Partner at GreenCoat said “our business model is simple. Our assets convert wind and solar irradiance into clean electricity that we sell into the grid directly to offrakers. We generate cash that we distribute to investors quarterly, as part of a progressive dividend policy. Our dividend cover allows us to reinvest excess cash into the business, in order to grow the portfolio, which in turn, provides an underpin to the NAV.”