Greencoat UK Wind on the rise as institutions clamour for renewables

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  • Greencoat UK Wind commissions Douglas West wind farm
  • 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.

30 Sep 2021

(, ) told investors that it has now completed the commissioning of the Douglas West wind farm in Scotland.

Douglas West is located 7 miles southwest of Lanark. It comprises thirteen Vestas V136 3.6MW turbines for a total capacity of 45 megawatts.

The wind farm increases the company’s net generating capacity to 1,289MW and it is the first subsidy-free asset in the portfolio.

The commissioning is the latest milestone for the renewable energy group which earlier this week agreed to acquire the 35 megawatts (MW) Andershaw wind farm from Statkraft UK Ltd for GBP121mln.

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28 Sep 2021

Greencoat UK Wind PLC said it agreed to acquire the 35 megawatts (MW) Andershaw wind farm from Statkraft UK Ltd for GBP121mln, increasing its portfolio to 39 wind farms with a generating capacity of 1,244MW.

Andershaw, which is located near Douglas in South Lanarkshire, comprises 11 Vestas V117 3.3MW turbines. The wind farm has a load factor of 34.8% and benefits from 0.9 Renewables Obligation Certificates (ROCs) per MWh. It has entered into a power purchase agreement with Statkraft until 2037 who will also provide management services to the wind farm.

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10 Sep 2021

(, ) appointed former () regional chief executive Nick Winser as a non-executive director.

Winser, who will also become a member of the audit, management engagement and nominations committees, will join the board from 1 January 2022.

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04 Sep 2020

‘s () 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 hail ‘solid’ half-year performance with ‘continued high…

Greencoat UK Wind PLC (LSE:UKW, FRA:3GC)’s (LON:UKW) Stephen Lilley talks to Proactive London about their ‘solid’ half year performance for the six months ended 30 June 2021.

During the period the firm acquired the remaining 50 per cent of Braes of Doune wind farm, increasing net generating…

on 29/7/21

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