Greencoat
Greencoat
The Company provides investors with the opportunity to participate directly in the ownership of
Highlights
- The Group's investments generated 1,476GWh of zero carbon electricity.
- Net cash generation (Group and wind farm SPVs) was £103.6 million.
- Acquisition of the remaining 50 per cent interest in Braes of Doune wind farm increased net generating capacity to 1,209MW as at 30 June 2021.
- Issuance of further shares raising
£198 million . - The Company declared total dividends of 3.59 pence per share with respect to the period.
£940 million outstanding borrowings as at 30 June 2021, equivalent to 28 per cent of GAV.
Commenting on today's results, Shonaid Jemmett-Page, Chairman of Greencoat
We are pleased to report another solid performance and continued strong cash generation as we deliver against our simple, low risk strategy.
During the period we acquired the remaining 50 per cent of Braes of Doune wind farm, increasing our net generating capacity to over 1.2GW. We were also pleased with the strong support shown by both existing and new investors in February's oversubscribed share placing.
Gearing remains conservative at 28 per cent of GAV and the Group is fully funded to execute our commitments to acquire Windy Rig,
NAV
The Company announces that its unaudited Net Asset Value as at 30 June 2021 is
Dividend Announcement
The Company also announces a quarterly dividend of
Dividend Timetable
Ex-dividend date: 12 August 2021
Record date: 13 August 2021
Payment date: 27 August 2021
Key Metrics
As at 30 June 2021:
Market capitalisation |
£2,501.1 million |
Share price |
126.6 pence |
Dividends with respect to the period |
£70.9 million |
Dividends with respect to the period per share |
3.59 pence |
GAV |
£3,414.1 million |
NAV |
£2,474.1 million |
NAV per share |
125.2 pence |