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UKW Greencoat Uk Wind Plc

138.50
-0.10 (-0.07%)
Last Updated: 13:52:38
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
  -0.10 -0.07% 138.50 138.00 138.70 139.00 137.80 138.90 1,618,345 13:52:38
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services 234.38M 126.19M 0.0548 25.27 3.19B
Greencoat Uk Wind Plc is listed in the Finance Services sector of the London Stock Exchange with ticker UKW. The last closing price for Greencoat Uk Wind was 138.60p. Over the last year, Greencoat Uk Wind shares have traded in a share price range of 127.30p to 163.40p.

Greencoat Uk Wind currently has 2,304,214,116 shares in issue. The market capitalisation of Greencoat Uk Wind is £3.19 billion. Greencoat Uk Wind has a price to earnings ratio (PE ratio) of 25.27.

Greencoat Uk Wind Share Discussion Threads

Showing 451 to 475 of 975 messages
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DateSubjectAuthorDiscuss
16/5/2022
07:21
Greencoat UK Wind PLC said Monday that it has agreed to acquire a 12.5% stake in Hornsea 1, the world's largest offshore wind farm, from Global Infrastructure Partners for 400 million pounds ($490.6 million).

The renewable infrastructure fund said that the acquisition is for a total enterprise value of GBP1.1 billion after including GBP0.7 billion of limited recourse debt.

Greencoat expects to fund the acquisition from cash flow and its revolving credit facility. The deal is expected to complete in the third quarter.

"This transaction, once completed, will add another high quality operating asset to our portfolio and increase our net generating capacity to over 1.6GW," Chairman Shonaid Jemmett-Page said.

Hornsea 1 has a total generation capacity of 1.2 gigawatts and is located in the U.K. North Sea. It is 50% owned and operated by Danish offshore wind developer Oersted AS and 50% owned by U.S. investment fund GIP.



Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT



(END) Dow Jones Newswires

May 16, 2022 03:01 ET (07:01 GMT)

adrian j boris
16/5/2022
07:14
Nope that’s correct, but normally what follows is a placing to pay off the revolving credit!
nerja
16/5/2022
07:12
Well cash flow is not a placing and neither is revolving credit.
yump
16/5/2022
06:32
The acquisition is expected to be funded from cash flow and, to the extent required, the Company's revolving credit facility.

Hmmm is that code for a placing soon?

nerja
11/5/2022
16:07
The one of very few bright sparks in an otherwise abysmal portfolio. Long UKW!
growthpotential
10/5/2022
16:16
What are the servicing costs like on wind mills, need to oil up those ball bearings?
growthpotential
29/4/2022
10:01
Wondered how the new solvency rules for Insurers and such: L&G, Phoenix etc, will impact this sector?

Such large sums being bandied about, they may well be looking to invest/buy such companies for steady growth and divis?

bothdavis
28/4/2022
22:04
Some key points from the latest fact sheet / NAV report.

Q1 generation (only) 1% ahead of budget, power prices an unspecified (massive) amount above budget. By my observation UK wholesale has been averaging 3-4 x normal, and is still x 3. From the clues given I calculate an income surplus over base plan of £65M in Q1.

The 16p jump in NAV from cash flow (3p) price outlook (7p) and inflation (6p). That says to me there is even more good NAV news to come in 2022 from cash flow and inflation, because the upgraded outlook is still a little conservative.

£250M RCF repaid, £900M debt, holding £184M in cash, gearing down to 21%, £600M facility available. An incredibly strong financial platform. Time for news of grand expansion plans.

1442MW operational, pipeline 306MW to commission 22/23 at £423M. No delays please. Adding capacity at significantly lower cost rate than historic average. (Edit - I estimate the commissioning of this pipeline would add 20p to NAV per share over the next 18 months). And at this level of cash flow those investment costs could be covered by income.

And / or they will have to increase the dividend sharply next year to reward investors and keep yield in step not just with RPI but with NAV / share price progress.

In conclusion UKW a buy all the way to 175p on predictable short-term prospects.

As regards AGM dissent over giving themselves shares, yes so a bit uneasy, well the manager is already getting their bonus from the soaring value of assets under management. The directors are getting paid already for not actually doing much to cause the results, if they want to share in the success of UKW they can bloomin' well buy shares like the rest of us. On the other hand if the remuneration non-exec sees the need for an incentive plan to keep on winning, well £10M is worth paying for the outperformance we are enjoying. So long as the incentive is for sustained income performance not just asset growth. A £10M special dividend equivalent to shareholders would be less than a ha'penny each.

marktime1231
28/4/2022
17:06
Need to stop paying directors all of this compensation; I don't receive unearned vast sums, why should they...
growthpotential
28/4/2022
16:30
Looking forward to reading the detail, the dividend increase to 4 x 1.93p was heralded in February, good NAV progress was expected but this report is of a superb jump to 149p. 10% votes against the plan to award up to £10M of shares I think to reward the directors and investment managers. I imagine heavy demand tomorrow morning because the rns was so late today. A pity we are suffering another spell of light winds.
marktime1231
28/4/2022
13:47
Nice increase in NAV to 149.3p and Div to 1.93. Looking very solid. Not surprising the share price is reacting positively.
whilstev
19/4/2022
13:25
@GrowthPotential - no technology is perfect but the market is working on a solution. Would you rather have coal dust in your lungs, polluting tailing ponds and all the other environmental damage that comes from coal?
markldn
11/4/2022
10:56
Imagine being a submarine pilot in the North Sea what with all this offshore development, add floating platform tethers to concrete foundations, rigs and trawler nets.
marktime1231
07/4/2022
11:35
Very interesting viewpoint on Renewables:

hxxps://youtu.be/vM_c-XvTre8

hxxps://contrarianpod.com/content/podcasts/season4/fallacy-of-renewable-energy-leigh-goehring-goehring-rozencwajg-associates/

apollocreed1
07/4/2022
10:41
For wide-ranging read a scattergun of hollow promises.

We already have the offshore wind sector flat out delivering +30GW by 2030, so where is an extra extra +20GW coming from? 5GW from very expensive floating wind farms, and ... and what about grid connections, balancing services, storage, ...

As things stand we cannot nor conceivably could we deliver 8 new nuclear reactors by 2030. As the nice man on the telly said this morning, nuclear developments take 10 years to plan and 10 years to build. And cost £10B each per 1.6GW reactor. The only nuclear developer-operator we currently do business with EDF, a company controlled by a foreign country by the way, could not begin to cope with that sort of financial investment. And the UK govt seed funding each one by a few £M makes no odds. We are now promising what the Cameron govt promised ten years ago. Aaaaaaaaaaagh!

The cutting of onshore wind lead times by a year, yes good news for UKW perhaps, but so what does that mean in actual terms as far as we stand today?

How are extra developments in 10 years time going to solve our energy crisis over the next 2 years? Where is the storage / buffer solution?

What will solve our current energy crisis is the return of the northern hemisphere Summer, and increased supplies of natural gas to Europe. Nothing else.

marktime1231
07/4/2022
07:38
Philip Whiterow

08:06 Thu 07 Apr 2022


Nuclear, offshore wind and revitalised North Sea the bedrocks of PM's new energy plan

Up to 50Gw of new offshore turbine capacity is planned by 2030, which would be more than enough to power every home in the UK

North Sea


A new licensing round for the North Sea was also announced

Boris Johnson is backing a revival of the UK’s nuclear industry, offshore wind and the rejuvenation of North Sea oil and gas production to secure Britain’s energy future.

In a wide-ranging document, the PM said the new National Energy Strategy would reduce "dependence on power sources exposed to volatile international prices we cannot control".

A new nuclear power body, Great British Nuclear, will be set up immediately to look into new projects backed by state money, he said, while a £120mln Future Nuclear Enabling Fund will launch later this month.

Up to eight new reactors could be built through the plan, with Wylfa site in Anglesey highlighted, or one a year up to 2030.

A new licensing round for the North Sea was also announced, which will launch in Autumn and be overseen by a new task force that will provide 'bespoke support' for new exploration and projects.

Offshore wind and solar, however, are seemingly two of the most ambitious steps of the strategy.

Up to 50Gw new offshore turbine capacity is planned by 2030, which would be more than enough to power every home in the UK said the statement.

Some 5Gw of this will come from floating offshore wind in deeper seas.

The PM also looks to have won the row in the Cabinet over onshore wind farms, with approval times for new developments cut to one year as part of an overhaul of the whole planning process.

Communities are to be offered lower energy bills as an incentive to host new wind farms.

Solar, too, is set for a major capacity increase with a target to increase the UK’s current 14GW up to 5 times by 2035 including its use on household and industrial and commercial rooftops.

As a nod to energy efficiency, domestic use of heat pumps will also be encouraged through a £30mln competition to develop a new efficient unit that uses less gas.

Green hydrogen production targets were also be doubled from the current 10Gw by 2030, with at least half coming from green hydrogen and utilising excess offshore wind power to bring down costs

Johnson said they were: "Bold plans to scale up and accelerate affordable, clean and secure energy made in Britain– from new nuclear to offshore wind – in the decade ahead.”

“This will be central to weaning Britain off expensive fossil fuels, which are subject to volatile gas prices set by international markets we are unable to control, and boosting our diverse sources of homegrown energy for greater energy security in the long-term.”

la forge
31/3/2022
15:14
Okay great, thanks!
growthpotential
31/3/2022
15:12
Going to landfill seems at odds with ESG no? I hold UKW, but I do have a few issues with the landfill issue...
growthpotential
31/3/2022
11:47
Thank goodness wind speeds are picking up again after a very quiet 10 days.

I spotted in SSEs close-to-year-end report yesterday that it was recovering from a wind deficit of 19% as at Christmas to a 12% deficit by 22 March. So we can read across that UKWs Q1 2022 performance will have been superb (but for the last 10 days), wind speeds significantly above base plan and 5-7 x normal wholesale prices.

marktime1231
30/3/2022
12:07
Yes rustle, quite right. Unfortunately most of the last 25+ years of turbine blades installed in the UK are made of thermoset polymers bonded with fibres, or carbon fibre, etc. Designed to be super tough and difficult to separate back in to raw materials. So we have a generation (haha) of not-easily recycled materials to deal with, the best we do with them at present is chop them up and landfill them. Incineration or gasification might be an option.

I wonder who owns the actual cost and carbon liability of disposing of end-of-life turbines.

That big turbine blade makers are, only now, working out how to make more easily recyclable turbine blades in future is rather disappointing, considering this is supposed to be a green industry. Not a good story.

The good news is that the rest of the installation other than the turbines blades, and probably about 90% of the weight, is approaching fully recyclable.

marktime1231
29/3/2022
20:55
Orsted commited last year to sustainable recycling of all turbine blades. You can search for more details.
rustle2
29/3/2022
17:19
Landfill.

Well I am happy to be corrected that the UK does indeed seem to now be in favour of significantly expanding onshore wind, which has been at around 14GW for sometime and has only modest developments in the current pipeline.

According to the Grauniad, this from BEIS today ...

"The government is aiming to triple the number of solar panels, more than quadruple offshore wind power and double onshore wind and nuclear energy by 2030, in a move that could lower bills for consumers and reduce the UK’s reliance on foreign energy suppliers such as Russia.

Kwarteng put forward the targets as part of Department for Business, Energy and Industrial Strategy (BEIS) plans for inclusion in the upcoming energy white paper.

The paper has faced delays because the cost of approving at least six nuclear power stations as part of an expansion of the UK’s renewable energy strategy has been debated at the Treasury. Ministers are also divided over plans to back onshore wind.

BEIS’s targets include increasing solar power from its current capacity of 14GW to 50GW, offshore wind from 11GW to 50GW, onshore wind from 15GW to 30GW, and nuclear power from 7GW to 16GW, according to the Financial Times.

Solar power and onshore wind generation have, to date, not had official government growth targets."

Hmmmn. Factchecking ... current utility and grid scale solar is only about 8-9GW, the rest is small scale rooftop solar which contributes little to the national picture. Finding places to triple up grid scale solar eg in the sunny areas of the UK will be difficult. Uncontested space to double onshore wind also a challenge, the current trick is to bribe the local community with discounted energy. The most preposterous element of this plan is to increase nuclear so sharply in such a short timeframe ... we will be down to under 4GW by 2025 and then to 1.2GW by 2029 before Hinkley Point C 3.2GW comes onstream in 2026, Sizewell C 3.2GW still on the drawing board so not before 2030, how is the extra 6-9GW going to be delivered?? Methinks these BEIS targets are for 2050, not 2030. And no use whatsoever in solving current over-reliance on gas which we cannot supply ourselves and cannot store in strategic quantity. The baseline net-zero plan was to phase out gas by 2035, which now looks too soon to be safe.

So. More onshore wind and solar by expanding and upgrading existing sites, coupled with battery and other forms of storage, are the most likely to make the most difference in the short term to ease the UK's energy crisis, but even unchallenged those developments still take years to implement. In the meantime we will be begging for LNG tanker supplies and paying a huge price. We remain hooked on gas and our lack of storage at least until 2035.

Nevertheless, if the revised BEIS strategy enables UKW to efficiently expand and upgrade its onshore wind farms while there is an expensive energy market that will be good for business. All we need now is near-term investment opportunities, a willing local community, funds, and developer / operator partners.

marktime1231
29/3/2022
11:00
I got in on this one yesterday as I think the divi looks good and should grow in the coming years too. A few pence per year on the share price too would be lovely!!
tuftymatt
28/3/2022
21:06
Don't they use them as ship propellers?
bothdavis
28/3/2022
17:28
What happens to old wind turbines when they come to the end of their natural life?
growthpotential
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