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Prices & Quotes - UK Markets - Greencoat UK Wind (UKW)

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Share Price:
Down 134.80p
Change Today:
-0.40p
Market Cap:
2,663.11m
Sector:
Equity Investment Instruments

Greencoat UKW spends 99m on new acquisitions

By Frank Prenesti

Date: Wednesday 24 Feb 2021

LONDON (ShareCast) - (Sharecast News) - Renewable infrastructure fund Greencoat UK Wind on Wednesday announced two acquisitions for 99.5m.
The company said it had bought the remaining 50% interest in Braes of Doune wind farm from funds managed by the infrastructure team of Federated Hermes for 48.1m and agreed with Banks Renewables to acquire a 49.9% interest in Kype Muir Extension wind farm for a headline price of 51.4m once operational in the final quarter of 2022.

Braes of Doune is located in Stirlingshire, Scotland and comprises 36 2MW turbines, with a total capacity of 72MW. UKW now owns 100% of the wind farm, having acquired its original 50% stake at IPO in March 2013.

Kype Muir Extension is located in South Lanarkshire, Scotland and will comprise 4 3.6MW turbines plus 11 4.8MW turbines, with a total capacity of 67.2MW. The wind farm is subsidy free and will benefit from a 15-year fixed power price agreement with a utility, Greencoat said, adding that it would also provide construction finance of up to 47m, with first utilisation expected in July 2021.

Greencoat said it planned to repay 160m of its revolving credit facility (RCF), reducing borrowings under the RCF to 240m from 400m Together with 700m of term debt, total borrowings will be 940m.

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UKW Market Data

Currency UK Pounds
Price 134.80p
Change Today -0.40p
52 Week High 148.00p
52 Week Low 124.60p
Volume 2,083,436
Shares Issued 1,975.60m
Market Cap 2,663.11m

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What The Brokers Say

Strong Buy 1
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 3
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

UKW Dividends

  Latest Previous
  1st Interim 4th Interim
Ex-Div 13-May-21 11-Feb-21
Paid 28-May-21 26-Feb-21
Amount 1.79p 1.77p

Trades for 07-May-2021

Time Volume / Share Price
16:35 396,639 @ 134.80p
16:29 73 @ 135.19p
16:28 754 @ 135.02p
16:27 31 @ 135.00p
16:27 3 @ 135.19p

UKW Key Personnel

Chair Shonaid Jemmett-Page