Greencoat UK Wind invests in operating UK wind farms to provide
shareholders with a sustainable income stream through an initial
annual 6p dividend on the issue price of 100p (pro-rated in 2013
for the period between Admission and 31 December 2013). Given the
nature of the Company's income streams, the Board intends to
increase the dividend in line with Retail Price Index (RPI)
inflation. The company also aims to preserve capital on a real
basis by reinvesting excess cashflow in additional operating UK
wind farms and through prudent use of portfolio leverage.
The Company offers exposure to UK wind generation through a
premium listed vehicle - the first of its kind: Greencoat UK Wind
is fully invested solely in operating UK wind farms which are
currently producing income.
The Company is managed by an experienced team of senior
executives from Greencoat Capital LLP, the cleantech and renewables
focused investment management firm, and overseen by a strong and
experienced independent board.
Greencoat UK Wind has two cornerstone investors: the Department
for Business, Innovation and Skills, and SSE who also contributed
part of the seed portfolio.
Greencoat UK Wind is incorporated in England and Wales, and is a
UK Investment Trust.