Greencoat Renewables has formed a green digital infrastructure platform via a 50/50 joint venture with UK investment firm Schroders Greencoat's SCSL Global Energy Infrastructure vehicle, targeting integrated energy and data centre developments, Data Centre Dynamics reports.

The partnership's initial investment supports development of Drogheda Energy Park in County Louth, approximately 40 kilometres north of Dublin. The brownfield industrial site adjacent to Drogheda Port will be transformed into an integrated energy park combining flexible on-site generation, storage and advanced grid-services capability.

The park will be powered through renewable energy assets via corporate power purchase agreements to support an initial 36 MW data centre project. The companies are at advanced stages of planning consent for the data centre development, though specific timeline details were not disclosed.

Paul O'Donnell, investment manager at Schroders Greencoat, said: "There is an exciting opportunity in integrating data center demand with renewable energy generation to support the rapid growth of AI-driven digital infrastructure. Building on our track record in renewable energy generation, Drogheda Energy Park represents a logical next step for our business and a blueprint for future investment opportunities."

The platform will concentrate on opportunities where grid access, land and energy infrastructure can be combined to serve fast-growing, high-energy requirements of digital infrastructure. O'Donnell noted Ireland is at the start of its next digital infrastructure investment cycle, supported by innovative government policy.

Greencoat has previously signed several energy supply agreements with data centre operators. Last May, the firm secured a 10-year power purchase agreement with Greencoat Renewables to power two Dublin data centres, following an April 2024 agreement for 67 GWh annually from Greencoat's Ballybane Phase 1 wind farm in County Cork.

Explore development plans and energy integration strategy for Drogheda Energy Park in the complete report.