29th Jul 2021 14:39
Greencoat UK Wind PLC - renewable infrastructure fund, invested in UK wind farms - Net asset value per share 125.2 pence at end of June, up from 122.2p at end of 2020. Portfolio generation for the period was 20% below budget at 1,476 gigawatt hours. "Low wind resource was partially offset by high power prices, which were above budget as a result of high gas and carbon prices," it says. Declares total of 3.59p in dividends for the half-year period, up from 3.55p a year ago. "Gearing remains conservative at 28% of GAV and the group is fully funded to execute our commitments to acquire Windy Rig, Twentyshilling and Glen Kyllachy as each commences commercial operation later this year, which will add a further 130MW of generating capacity to our portfolio of high quality assets," says Chair Shonaid Jemmett-Page.
Current stock price: 134.20p, down 0.9% on Thursday
Year-to-date change: flat
By Lucy Heming;Â [email protected]
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