Greencoat UK Wind reports 27% year-on-year electricity generation increase, but 15% below budget due to wind speed issues and export cable failure.
Greencoat UK Wind, a wind farm-focused infrastructure fund, reported a 27% increase in electricity generation year-on-year but 15% below budget due to wind speed issues and an export cable failure. Despite this, the company has proceeded with a share buyback program and declared total dividends of 5p per share for the period, paying an additional £29m in dividends. With an unaudited net asset value of £3.63bn as of 30 June, Greencoat UK Wind's outlook remains encouraging.
July 24, 2024
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