30th Jul 2020 14:36
Greencoat UK Wind PLC - London-based renewable energy infrastructure investor - Says net asset value per share as at June 30 was 120.1 pence, down slightly from 121.4p as at December 31. Operating portfolio valued at GBP2.36 billion, up % from GBP2.35 billion at December end. Acquisition of Slieve Divena II wind farm increased its portfolio to 36 operating wind farm investments and net generating capacity to 998 megawatts as at June 30. Declared dividends of 3.55 pence, up from a 3.47p payout the year prior.
"I am pleased to report another good performance, which reflects the continued delivery of our simple, low risk and proven strategy. The cash generative nature of our portfolio has enabled us once more to increase our dividend in line with retail price index. The board believes that there will be opportunities to invest in more projects operating under the ROC regime. It also expects to invest in a balance of subsidy free wind farms and those under the CFD regime," said Chair Shonaid Jemmett-Page.
Current stock price: 146.80p
Year-to-date change: down 2.4%
By Ife Taiwo; [email protected]
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