Completion of the Acquisition of Slieve Divena II

RNS Number : 0180I

Greencoat UK Wind PLC

30 March 2020

 

30 March 2020

Completion of the Acquisition of Slieve Divena II

Subsequent to its announcement on 20 February 2020, Greencoat UK Wind PLC is pleased to announce that it has completed the acquisition of Slieve Divena II wind farm from SSE Renewables for a consideration of £51 million. Slieve Divena II has a capacity of 18.8MW and load factor of 31.3%, receives 0.9 ROCs per MWh, and has been operational since June 2017.  

The acquisition was funded by UKW's acquisition facility plus reinvestment of portfolio cash of £24m.

For further information, please contact:

Greencoat UK Wind PLC   020 7832 9425

Stephen Lilley

Laurence Fumagalli

Tom Rayner

Headland Consultancy                                     020 3805 4822

Stephen Malthouse

Rob Walker

Charlie Twigg

Notes to Editors:

Greencoat UK Wind PLC is the leading listed renewable infrastructure fund, invested in 36 operating UK wind farms with net generating capacity of 998MW. The Company's aim is to provide investors with an annual dividend that increases in line with RPI inflation (7.1p for 2020) 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 Greencoat Capital LLP, a leading European renewable investment manager with approximately £5 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.

For more information about UKW, please visit http://www.greencoat-ukwind.com

For more information about Greencoat Capital LLP, please visit http://www.greencoat-capital.com

 

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