Highlights
· The Group's investments generated 1,476GWh of zero carbon electricity.
· Net cash generation (Group and wind farm SPVs) was £ 103.6 million .
· Acquisition of the remaining 50 per cent interest in Braes of Doune wind farm increased net generating capacity to 1,209MW as at 30 June 2021.
· Issuance of further shares raising £198 million.
· The Company declared total dividends of 3.59 pence per share with respect to the period.
· £940 million outstanding borrowings as at 30 June 2021, equivalent to 28 per cent of GAV.
And later;
Dividends and Returns
The Company's aim is to provide investors with an attractive and sustainable dividend that increases in line with RPI inflation while preserving capital on a real basis. In line with our stated target of 7.18 pence per share for 2021, the Company has paid a quarterly dividend of 1.795 pence per share with respect to Q1 2021 and has declared a dividend of the same amount per share with respect to Q2 2021, giving a total of 3.59 pence per share for the period (compared to 3.55 pence per share for the first half of 2020). NAV per share increased in the period from 120.4 pence per share (ex-dividend) on 31 December 2020 to 123.4 pence per share (ex-dividend) on 30 June 2021, primarily reflecting an increase in forward power prices over the period 2021-2024.
https://www.investegate.co.uk/greencoat ... 00068163G/