Investment in Kype Muir Extension wind farm

Greencoat UK Wind PLC

11 December 2023

 

11 December 2023

GREENCOAT UK WIND PLC

Investment in Kype Muir Extension wind farm

Greencoat UK Wind PLC is pleased to announce that it has completed its acquisition of a 49.9% interest in Kype Muir Extension wind farm from Banks Renewables. The Company committed to acquire the interest in December 2020 and investment was made by the Company during construction by way of a loan which has now been repaid.

Completion takes the Company's net generating capacity to over 2GW.

For further information, please contact:

Greencoat UK Wind PLC                                         020 7832 9425

Stephen Lilley

Laurence Fumagalli

Matt Ridley

Headland Consultancy                                               020 3805 4822

Stephen Malthouse

Rob Walker

Charlie Twigg

[e-mail]

Notes to Editors:

Greencoat UK Wind PLC is the leading listed renewable infrastructure fund, invested in 49 operating UK wind farms with net generating capacity of 2,007MW, following the completion of the investment into Kype Muir Extension (67.2MW). The Company's aim is to provide investors with an annual dividend that increases in line with RPI inflation (10p for 2023) while preserving the capital value of its investment portfolio in the long term on a real basis through reinvestment of excess cash flow.

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 Schroders Greencoat LLP, a leading European renewable investment manager with over £10 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 Schroders Greencoat LLP, please visit http://www.schrodersgreencoat.com

 

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