Greencoat UK Wind on the rise as institutions clamour for renewables

  • Power pricing explains increased investor demand in Greencoat Wind – manager
  • Greencoat UK Wind’s Stephen Lilley details new Walney acquisition
wind farms

Quick facts: Greencoat UK Wind PLC

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Greencoat UK Wind PLC is the leading listed renewable infrastructure fund, invested in operating UK wind farms.

The fund is a constituent of the FTSE 250 and has a market capitalisation of approximately GBP2.5 billion.

25 Nov 2021

Greencoat UK Wind PLC (LSE:UKW)‘s manager, Stephen Lilley, says the three themes of “ESG, inflation, and prices,” were behind the clamour for shares in its recent funding round.

The wind farm giant increased the size of the share issue to GBP450mln from GBP396mln due to the demand.

Speaking to Proactive, Lilley said having environmental, social, and corporate governance (ESG) is crucial for the business and investors are increasingly looking for ESG companies.

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25 Nov 2021

Greencoat UK Wind PLC (LSE:UKW) raised the size of its latest funding round to GBP450mln as demand for shares ‘significantly’ outstripped supply, the renewable energy group said.

Originally the FTSE 250 group aimed to raise GBP396mln but said it decided to issue a further GBP54mln in shares due to the high demand. “In taking this decision, the board has taken into account the drawn amount on the Company’s Facility Agreement of GBP350mln and the GBP400mln of investment commitments expected to be made by January 2022”, a statement said.

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02 Nov 2021

Greencoat UK Wind PLC (LSE:UKW) has agreed to acquire a 15.7% stake in the Burbo Bank Extension offshore wind farm from AIP for GBP250mln.

A number of pension funds investing through Greencoat Renewable Income, a fund managed by Greencoat Capital, are acquiring an additional 9.3% stake in Burbo Bank.

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04 Sep 2020

Greencoat UK Wind PLC‘s (LON:UKW) Stephen Lilley talks Proactive London through the acquisition of the Walney offshore wind farm. It’s located nine miles off the Cumbrian coast and has a capacity of 367Mw. Greencoat’s funding the purchase from its GBP400mln acquisition facility, which will push total borrowing up to GBP980mln or 35% of gross asset value. Lilley hints at further investments over the next 18 months as they continue to capitalise on a strong pipeline of acquisition opportunities in the UK wind farm market.

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Greencoat UK Wind increase size of funding round to GBP450m due to the high demand

Greencoat UK Wind PLC (LSE:UKW)’s (Greencoat UK Wind PLC (LSE:UKW)) Stephen Lilley of Greencoat Capital talks to Proactive London about the rationale behind raising the size of its latest funding round to GBP450mln.

Originally the group aimed to raise GBP396mln but said it decided to issue a…

9 hours, 36 minutes ago

3 min read

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