Greencoat Uk Wind Share Discussion Threads

[11_percent] 23/1/2023 15:26

Why 13% dividend hike puts spotlight on Greencoat UK Wind’s dividend appeal

[tuftymatt] 23/1/2023 09:53

Fantastic and I can't see it being too long before the September high is beaten 😀👍🏻

[yump] 23/1/2023 09:30

I’ve got a big chunk of these as well, but think I’ll just run the fan heater in the office on 2kw for a while instead of 1 !

In fact might test a theory that 20mins at 2kw and then 40 mins off, will overheat the room and work better and cheaper than 1kw for the whole hour.

[tartshagger] 23/1/2023 08:17

Doncha just love it when you log on and find one of your larger holdings is up 4.5% - with a divi announcement! Hey ho I've turned the central heating on for an hour :)

[tartshagger] 23/1/2023 08:16

What an outstanding set of results!

[tuftymatt] 20/1/2023 09:26

Yeah let's hope UKW does the same and we get the share price back into the 160's too.

[igoe104] 20/1/2023 08:12

Orit have upped their dividend 10.5%. Good news for the renewable sector.

[tuftymatt] 13/1/2023 11:34

Yeah I came in for a few more too.
So windy in the south of the UK this week!!

[catch007] 13/1/2023 11:26

Added a few today sub £1.495ish UKW long term hold for me.

[igoe104] 11/1/2023 19:22

UK sets new record for wind generation thanks to blustery conditions

[tuftymatt] 09/1/2023 12:29

I am picking a few more up here to just about improve my average.
Sub 150 looks a good price for the longer term in my opinion.

[igoe104] 12/12/2022 14:52

UKW can't be far off from being added to the FTSE 100.

[bodgeman] 24/11/2022 08:44

Numis have estimated the new NAV for ukw at around £1.70 even after the windfall set out in the autumn budget.see the article on yahoo finance. Also says the windfall will have little impact on the other closed funds.

[a0002577] 22/11/2022 12:30

marktime1231 :you say
~~ There will certainly be new demand for air conditioning with more Summers like this one. ~~

Can I point out that primarily an air conditioning unit is a heat pump. It conditions air to set temperatures and humidity.

Have been using them for years to heat my house. Very cost effective they are too!

[marktime1231] 18/11/2022 17:29

Strong finish UKW share price back to about par with NAV.

Good to see wind power continuing to contribute strongly to the generation mix, allowing net export to Europe. UKW operating performance might be ahead of budget in the months before the Electricity Generator Levy, a supertax on super-profits which sounds better than Rees-Mogg's cost-plus-revenue idea.

So we already had a £6.6B energy efficiency budget to 2025. Who knew? A future extension of £6B to come, and an Energy Efficiency Taskforce / csar to deliver 15% demand reduction from buildings (mostly the government's own?) and industry (we still have some?). Reducing average or peak demand by about 5GW by 2030. Well at least with a target and someone in charge of delivering it there is a chance of progress, but this sounds different from subsidising domestic insulation and heat pumps.

Not too sure why the govt are targetting demand reduction though, we the consumers have all already done our bit and more with home and appliance improvements, rooftop solar etc. Average intermittent renewable generation will grow around a third or 10GW by 2030, we will have an increasing surplus when the wind blows and the sun shines. Just as well, the rise of EVs means an overall demand increase of around 10%. I imagine demand will rise further with supply, otherwise the new wave of generators will be in trouble. There will certainly be new demand for air conditioning with more Summers like this one.

I would like to have heard more about the "security" bit of the govt priority of delivering energy security. More than investing in Sizewell C to replace old nuclear. So what then ... not more interconnectors surely. No mention of new hydro or battery storage that I heard. Maybe we need to hear from an Energy Minister (who is?) rather than the Treasury.

[yump] 18/11/2022 11:50

Re the levy impact - perhaps easiest to gauge by the price action over the next few months.

The funds were actually doing fine before the bumper profits that might be taxed, so perhaps that's a different way of looking at it. ie. the hype has just been taken out of the prices a bit.

Lots of income stocks, particularly renewable trusts on the rise. That post mini-budget plummet was a great opportunity to buy them at big discounts.

[marktime1231] 17/11/2022 21:28

Quite the incentive to agree long term prices capped to under £75/MWh.

[topvest] 17/11/2022 20:34

Won't it just impact the large offshore wind farms as most the assets are held in separate companies and the excess profit will be < £10m?

[jombaston] 17/11/2022 17:28

Yes it will be helpful to have a NAV impact calculated for us. Although given that the forward curve was assumed to fall below £75/MWh in 2024 (in the last NAV calculation) this only leaves 2023 when substantial tax will be assumed to be paid (unless the fwd assumptions change which would add to NAV anyway). So the tax alone seems highly unlikely to reverse the big jump in NAV between Dec 21 & June 22. Plus the dividend is very well covered so no worries there.

Of course, it will incentivize UKW to sell electricity forward at rates that are below the tax threshold as they won't fully benefit from any near term price spikes.

[sailorsam1] 17/11/2022 16:12

Hopefully there will be an Rns to explain expected impact

[topvest] 17/11/2022 15:50

Agreed. Its'very badly worded.

[rik shaw] 17/11/2022 15:36

Extract from Autumn Statement document 'Electricity Generator Levy – The government is introducing the Electricity Generator Levy, a temporary 45% tax that will be levied on extraordinary returns from low-carbon UK electricity generation. For the purposes of the tax, extraordinary returns will be defined as the aggregate revenue that generators make in a period from in-scope generation at an average output price above £75/MWh. The tax will be limited to generators whose in-scope generation output exceeds 100GWh across a period and will only then apply to extraordinary returns exceeding £10 million. The tax will apply to extraordinary returns arising from 1 January 2023 and will be legislated for in Spring Finance Bill 2023.'

I suspect we'll have to leave it to the experts and the Finance Bill to work out what impact that might have on firms especially as temporary and period don't seem to be defined.

[whilstev] 17/11/2022 14:31

I thought it had been announced in the budget that a 45% tax on profits on electricity generators is being introduced in January. Thought this included wind generation.