- Less than expected wind resource resulting in underperformance against budget (-9%).
- Power price decline towards the end of 2023 and into early 2024.
- Increased reputational risks associated with climate-related disclosures and reporting obligations.
- Retrospective changes to policies providing financial support to renewable energy.
Greencoat Renewables PLC
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Greencoat Renewables PLC disclosed greenhouse gas emissions of 240.0K tonnes CO2e. By scope: Scope 1: 273 tonnes CO2e; Scope 2: 941 tonnes CO2e; Scope 3: 238.8K tonnes CO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
240.0K tonnes CO2e
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 273 tonnes CO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 941 tonnes CO2e |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 238.8K tonnes CO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 240.0K tonnes CO2e |
| 2021 | 125.7K tCO2e (Scope 3) + 19 tCO2e (Scope 1) + 41 tCO2e (Scope 2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Generated renewable energy to power over 750,000 homes and displace 1.3 million tonnes of CO2 emissions.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Increase in total generation capacity to 1.6GW through completion of Andella and South Meath projects.
📅 Medium-term
- Further growth through strategic framework agreement with FuturEnergy Ireland (1GW+ pipeline).
🔭 Long-term
- Continue to invest in operating renewable energy assets and grow its renewable energy portfolio to support the transition to a Net Zero economy.
🌱 ESG Focus Areas
Climate ChangeSocial ImpactGovernance