Greencoat Renewables has launched a green digital infrastructure platform and announced its first investment at Drogheda Energy Park in Ireland.
The platform is a 50:50 joint venture between Greencoat Renewables and Schroders Greencoat’s evergreen vehicle SCSL Global Energy Infrastructure.
The initiative will target opportunities where grid access, land and energy infrastructure can be integrated to support the growing electricity demand of digital infrastructure, including AI-driven data centres.
Its first investment is Drogheda Energy Park on Ireland’s east coast in Drogheda, around 40km north of Dublin.
The platform has acquired the Premier Periclase facility in Drogheda, County Louth, a brownfield industrial site adjacent to Drogheda Port.
The site will be redeveloped into an integrated energy park combining flexible on-site power generation, energy storage and advanced grid-services capabilities.
Electricity for the development is expected to be sourced from renewable assets through corporate power purchase agreements aimed at decarbonising power use for large co-located energy consumers.
Drogheda Energy Park is already at an advanced planning stage for an initial 36MW data centre project, with local backing for further expansion of the energy park.
The development is also expected to stimulate regional investment and job creation through the reuse and remediation of an existing industrial site.
Paul O’Donnell, investment manager at Schroders Greencoat, said integrating renewable generation with data centre demand presents a significant opportunity as AI-driven digital infrastructure expands.
He added that Ireland is entering a new digital infrastructure investment cycle supported by government policy, with projects such as Drogheda Energy Park designed to boost energy security, enable digitalisation and contribute to national net-zero goals.
