By Iain Gilbert
Date: Thursday 28 Jul 2022
LONDON (ShareCast) - (Sharecast News) - Renewable infrastructure fund Greencoat UK Wind said on Thursday that its investments had generated 2,175-gigawatt hours of renewable energy in the six months ended 30 June, generating £328.8m in net cash for the group.
Greencoat UK Wind said its unaudited net asset value was £3.55bn, or 153.6p per share, at the end of the half, up from £3.1bn in the second half of the previous trading year.
The FTSE 250-listed group stated its operating portfolio was valued at £4.19bn, compared to £3.9bn at the same time in 2021.
Greencoat UK Wind added that during the period, it spent £50.0m to purchase the Twentyshilling wind farm from Statkraft, increasing net generating capacity to 1,460 megawatts, and also set aside an additional £18.0m in construction financing for its Kype Muir Extension wind farm project.
Chair Shonaid Jemmett-Page said: "We are pleased to report another solid performance, with continued strong cash generation as we deliver against our simple, low-risk strategy and build on our well-established track record.
"We continue to see an attractive pipeline of investments, both onshore and offshore, and remain well positioned to deliver more value-accretive acquisitions and extend our track record of strong shareholder returns."
As of 1030 BST, Greencoat UK Wind shares were up 0.45% at 155.10p.
Reporting by Iain Gilbert at Sharecast.com
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Currency | UK Pounds |
Share Price | 126.10p |
Change Today | 0.000p |
% Change | 0.00 % |
52 Week High | 151.70p |
52 Week Low | 123.90p |
Volume | 0 |
Shares Issued | 2,260.84m |
Market Cap | £2,850.92m |
Beta | 0.53 |
Value |
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Growth |
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Strong Buy | 2 |
Buy | 3 |
Neutral | 1 |
Sell | 0 |
Strong Sell | 0 |
Total | 6 |
Latest | Previous | |
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3rd Interim | 2nd Interim | |
Ex-Div | 14-Nov-24 | 15-Aug-24 |
Paid | 29-Nov-24 | 30-Aug-24 |
Amount | 2.50p | 2.50p |
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