Greencoat Renewables Lists on JSE AltX to Expand Shareholder Base

AFRICAN STOCKS AND FINANCEJune 10, 2025 at 3:38 PM UTC

TLDR

Greencoat Renewables plc, a renewable energy investment company, listed on the Johannesburg Stock Exchange’s AltX Board Monday
The listing marks the second new listing on the JSE in 2025, following Shuka Minerals
The listing comes under the JSE’s expanded secondary listing framework, which now accepts listings from Euronext exchanges

Greencoat Renewables plc, a renewable energy investment company, listed on the Johannesburg Stock Exchange’s AltX Board Monday. The listing marks the second new listing on the JSE in 2025, following Shuka Minerals.

The company, incorporated in Ireland, focuses on acquiring and managing operational wind and solar energy assets in Europe. It owns 40 assets across Ireland, Sweden, France, Spain, and Germany.

Greencoat Renewables is already listed on the London Stock Exchange’s AIM and Euronext Dublin. With a market capitalisation of around €844 million, it brings 1.1 billion shares to the South African market at a par value of €0.01 per share. It will be classified under the FTSE Alternative Electricity sector.

The listing comes under the JSE’s expanded secondary listing framework, which now accepts listings from Euronext exchanges. This move supports the JSE’s strategy to attract foreign companies and provide more choices for local investors.

Greencoat Renewables said it is targeting South African investors looking for exposure to renewable infrastructure with stable returns. The JSE now hosts 277 listed companies with a total market capitalisation of R21.32 trillion.

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Key Takeaways

Greencoat Renewables’ listing on the JSE reflects growing investor demand for renewable energy assets. As global economies move toward cleaner energy, infrastructure-focused funds like Greencoat provide stable returns backed by long-term power contracts. In 2023, global investment in clean energy exceeded $1.7 trillion, according to the International Energy Agency, with Europe accounting for a major share. For South African investors, this listing offers exposure to European renewable energy markets without requiring offshore accounts. The JSE’s expanded secondary listing framework—now accepting Euronext-listed firms—enables this access. It also aligns with South Africa’s domestic energy goals, as the country looks to reduce reliance on coal and address power shortages. AltX, the JSE’s growth-focused board, is increasingly used by international firms seeking emerging market investors. Greencoat’s listing demonstrates how global renewable firms are targeting wider capital bases. For the JSE, it reinforces the exchange’s efforts to modernise and attract international issuers while giving local investors more diversification options.

Finance

Greencoat Renewables

Renewable Energy

JSE

Johannesburg Stock Exchange

AltX

London Stock Exchange

IPO

Euronext Dublin

Dual Listing