Greencoat UK Wind PLC Acquisition of Andershaw wind farm (1210N)
28 Septiembre 2021 - 12:59AM
UK Regulatory
TIDMUKW
RNS Number : 1210N
Greencoat UK Wind PLC
28 September 2021
28 September 2021
GREENCOAT UK WIND PLC
Acquisition of Andershaw wind farm
Greencoat UK Wind PLC (the "Company", or "UKW") is pleased to
announce that it has agreed to acquire Andershaw wind farm from
Statkraft UK Limited ("Statkraft") for a total consideration of
GBP121m (including cash and working capital).
Andershaw is a 35MW wind farm located 2 miles south of Douglas
in South Lanarkshire and comprises 11 Vestas V117 3.3MW turbines.
The wind farm was commissioned in February 2017, has a load factor
of 34.8% and benefits from 0.9 ROCs per MWh. The wind farm has
entered into a power purchase agreement with Statkraft until 2037
who will also provide management services to the wind farm.
The acquisition will be funded using the Company's revolving
credit facility and gearing will increase to GBP1,050m of
outstanding debt, equating to 30% of Gross Asset Value.
Shonaid Jemmett-Page, Chairman of UKW, commented: "We are
delighted to announce the acquisition of Andershaw wind farm. This
transaction grows our portfolio to 39 wind farms with a generating
capacity of 1,244MW. Our pipeline of potential acquisitions remains
healthy and we look forward to adding further attractive growth
opportunities in due course as we continue to play our role in
helping to decarbonise the UK economy."
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
ukwind@headlandconsultancy.com
Notes to Editors:
Greencoat UK Wind PLC is the leading listed renewable
infrastructure fund, invested in 39 operating UK wind farms with
net generating capacity of 1,244MW, following the completion of the
Andershaw acquisition. The Company's aim is to provide investors
with an annual dividend that increases in line with RPI inflation
(7.18p for 2021) 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 over GBP6
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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END
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September 28, 2021 01:59 ET (05:59 GMT)
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