Greencoat UK Wind PLC today announces the half year results for the period to 30 June 2023.

Greencoat UK Wind PLC is the leading listed renewable infrastructure fund, invested in UK wind farms. The Company’s aim is to provide investors with an annual dividend that increases in line with RPI inflation while preserving the capital value of its investment portfolio in the long term on a real basis through reinvestment of excess cash flow.

The Company provides investors with the opportunity to participate directly in the ownership of UK wind farms, so increasing the resources and capital dedicated to the deployment of renewable energy and the reduction of greenhouse gas emissions.

Highlights

• The Group’s investments generated 2,088GWh of renewable electricity.
• Net cash generation (Group and wind farm SPVs) was £204.0 million.
• Acquisition of Dalquhandy wind farm increased the portfolio to 46 operating wind farm investments and net generating capacity to 1,652MW as at 30 June 2023.
• Agreed to acquire a net 13.7 per cent stake in London Array offshore wind farm, with the transaction expected to complete on 31 July 2023.
• The Company declared total dividends of 4.38 pence per share with respect to the period.
• Aggregate Group Debt was £2,000 million as at 30 June 2023, equivalent to 34 per cent of GAV.