29th Jan 2026 12:03
Greencoat UK Wind PLC - investor in operating UK wind farms whose investment manager is Schroders Greencoat LLP - Sets 10.7 pence per share target for 2026, up 3.4% from 10.35 in 2025. The 3.4% increase is the same as the annual increase in the UK consumer price index in December and follows the decision by the UK government to index its renewables obligation scheme to CPI rather than to the retail price index, as it had been previously. The scheme provides financial support for renewable electricity generation. Greencoat UK Wind says the switch to CPI from RPI reduces its previously announced net asset value as of December 31 by 2.6p to 133.5p per share, noting this is in line with its guidance in November.
Total NAV on December 31 is GBP2.88 billion, down from GBP2.94 billion previously reported and down from GBP3.07 billion a year before.
Greencoat UK Wind says its forward looking dividend cover expectations "remain robust and are substantially unchanged".
Current stock price: 97.40 pence, down 0.3% in London on Thursday afternoon
12-month change: down 19%
By Tom Waite, Alliance News editor
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