Subsequent to its announcement on 3rd April 2023, Greencoat UK Wind PLC (LON:UKW) has announced today that it has completed the acquisition of Dalquhandy wind farm from BayWa r.e. with the purchase being funded from cash reserves.
Greencoat UK Wind PLC is the leading listed renewable infrastructure fund, invested in 46 operating UK wind farms with net generating capacity of 1,652MW, with the completion of the Dalquhandy acquisition. The Company’s aim is to provide investors with an annual dividend that increases in line with RPI inflation (8.76p for 2023) while preserving the capital value of its investment portfolio in the long term on a real basis through reinvestment of excess cash flow and the prudent use of gearing.
UKW 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.
UKW is managed by an experienced team at Schroders Greencoat LLP, a leading European renewable investment manager with over £9 billion of assets under management. UKW is governed by a strong and experienced independent board.
UKW is incorporated in England and Wales and is a UK Investment Trust.
