Investment case

Greencoat UK Wind’s aim is to provide investors with a sustainable annual dividend per ordinary share (10.35p for 2025) that increases in line with RPI inflation while preserving the portfolio's capital value in the long term, on a real basis, through reinvestment of excess cashflow.

  • UKW limits aggregate Group debt to 40% of Gross Asset Value with target gearing between 30% and 40% on average.
  • UKW is independent of any seller and has made value accretive acquisitions from across the market (21 different sellers).

To deliver the UK’s net zero transition, around £275 billion* in financing is required. UKW’s mission is to provide the necessary financial, technical and operational expertise to secure returns for our clients in pursuit of this transition.

Greencoat generates clean electricity, abating 2.2 million tonnes of carbon emissions*

Sells power to the grid, and directly to large corporates requiring clean energy via PPA

Uses cash to pay dividends to shareholders, and to reinvest in the portfolio for the future

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  • 49
  • wind farms

Acquired, optimised, operated

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  • 29.0
  • TWh

Total electricity produced

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  • £2.1
  • bn

Total cash generated

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  • £1.2
  • bn

Total dividends paid

  • £1
  • bn

Total reinvestment

* The estimate of the portfolio’s CO2 emissions avoided through the displacement of thermal generation, as at the relevant reporting date. This is calculated based on the thermal generation displaced. In the UK, this assumes the displacement of CCGT generation at a carbon intensity factor of 0.4 kgCO2e/KWh.