10 January 2022
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Completion of Windy Rig and Glen Kyllachy Acquisitions and Long Term Debt Facility

Greencoat UK Wind PLC is pleased to announce that the commissioning of Windy Rig and Glen Kyllachy wind farms and their subsequent acquisitions have been completed.

Windy Rig is a 43.2MW subsidy free project located near Castle Douglas in Dumfries & Galloway and comprises 12 Vestas V112 3.6MW turbines.

Glen Kyllachy is a 48.5MW subsidy free project located in the Highlands, 11 miles south of Inverness and comprises 20 Nordex N90 2.5MW turbines.

The addition of Windy Rig and Glen Kyllachy increases UKW's net generating capacity to 1,422MW and the number of subsidy free assets in UKW's portfolio to three from a total of 43 operating wind farms.

The acquisitions were first announced in October 2019 and December 2019 respectively and both projects have been funded through reinvestment of excess cashflow and proceeds from the Equity Raise in November 2021.

Additionally, UKW has entered into an agreement with AXA to provide an 8-year £200 million debt facility which will be used to repay the revolving credit facility. This will enable UKW to continue to capitalise on the strong pipeline of opportunities in the UK wind farm market, both onshore and offshore.

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