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UKW Greencoat Uk Wind Plc

139.10
0.50 (0.36%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Greencoat Uk Wind Plc LSE:UKW London Ordinary Share GB00B8SC6K54 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.50 0.36% 139.10 138.80 139.20 139.30 137.80 138.90 4,040,524 16:29:50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services 234.38M 126.19M 0.0548 25.38 3.21B

Greencoat UK Wind PLC Acquisition of new assets (1789V)

01/11/2017 7:00am

UK Regulatory


Greencoat Uk Wind (LSE:UKW)
Historical Stock Chart


From Mar 2019 to Mar 2024

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TIDMUKW

RNS Number : 1789V

Greencoat UK Wind PLC

01 November 2017

1 November 2017

Greencoat UK Wind plc

Increase in Greencoat UK Wind's net generating capacity to 694MW

Greencoat UK Wind PLC ("UKW") is pleased to announce that it has acquired an 80% stake in five wind farms from EDF Energy Renewables ("EDF ER") for a total consideration of GBP98 million (including GBP7 million cash and working capital).

All five wind farms are situated within 25 miles of Peterborough, and in total comprise 47 Senvion 2.05MW MM82 turbines.

 
               Capacity (MW)   Commissioning 
                                Date 
------------  --------------  -------------- 
 Deeping St    16.4            June 2006 
  Nicholas 
------------  --------------  -------------- 
 Red House     12.3            June 2006 
------------  --------------  -------------- 
 Glass Moor    16.4            June 2006 
------------  --------------  -------------- 
 Red Tile      24.6            April 2007 
------------  --------------  -------------- 
 Bicker Fen    26.7            September 
                                2008 
------------  --------------  -------------- 
 Total         96.4 
------------  --------------  -------------- 
 

The weighted average net load factor of the five wind farm portfolio is 25%.

The portfolio will sell power and ROCs to, and the turbines will be operated and maintained by, the EDF group, which will also provide asset management services. EDF ER will retain a 20% interest in the portfolio.

Tim Ingram, Chairman of UKW, commented: "Following on from our recent further share issue, we are pleased to acquire assets from a tenth seller, a third major utility partnership, demonstrating UKW's reach across the market in finding value for investors."

The acquisitions were funded by UKW's acquisition facility. Following completion of the acquisitions, UKW's total borrowings will amount to GBP265 million, equivalent to 19% of Gross Asset Value (gearing limit 40%).

For further information, please contact:

   Greencoat UK Wind PLC                        020 7832 9400 

Stephen Lilley

Laurence Fumagalli

Tom Rayner

Headland (Media Enquiries)

   Rob Walker                                           020 3805 4822 

Notes to Editors:

Greencoat UK Wind PLC is the leading listed renewable infrastructure fund, invested in 29 operating UK wind farms with net generating capacity of 694MW (including the acquisition of Deeping St Nicholas, Red House, Glass Moor, Red Tile and Bicker Fen). The Company's aim is to provide investors with an annual dividend that increases in line with RPI inflation (6.49p for 2017) while preserving the capital value of its investment portfolio in the long term on a real basis through reinvestment of excess cash flow and the prudent use of portfolio gearing.

UKW is managed by an experienced team at Greencoat Capital LLP, a leading European renewable investment manager with over GBP2 billion of assets under management across a number of funds in wind and solar infrastructure and private equity, and is overseen by a strong and experienced independent board.

UKW is incorporated in England and Wales and is a UK Investment Trust.

For more information about UKW, please visit http://www.greencoat-ukwind.com.

For more information about Greencoat Capital LLP, please visit http://www.greencoat-capital.com.

This information is provided by RNS

The company news service from the London Stock Exchange

END

ACQOKDDQFBDDAKN

(END) Dow Jones Newswires

November 01, 2017 03:00 ET (07:00 GMT)

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