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Greencoat UK Wind (UKW)

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monabri
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Greencoat UK Wind (UKW)

#426222

Postby monabri » July 9th, 2021, 5:07 pm

https://www.investegate.co.uk/greencoat ... 40468212E/

'' Greencoat UK Wind PLC, the leading listed renewable infrastructure fund, invested in operating UK wind farms, advises that on Thursday 29 July 2021 it will announce its Net Asset Value as of 30 June 2021, the quarterly dividend and publish half-year results for the period to 30 June 2021.

This announcement replaces RNS number 7196D released on 1 July 2021, which incorrectly recorded the Net Asset Value, quarterly dividend and half-year results announcement date as 28 July 2021.''

idpickering
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Re: Greencoat UK Wind (UKW)

#426232

Postby idpickering » July 9th, 2021, 5:39 pm

Thanks for the above monabri, and for starting this new board. I hold UKW in my HYP, not only for the 5% plus yield it offers, but the added diversification they bring to my HYP. I intend bringing The Renewables Infrastucture Group (TRIG) on board my HYP to sit alongside UKW in the overall sector too. Living where we do in Orkney, wind farms etc are a common feature. We even benefit from a wind turbine at the back of our house. ;)

Ian.

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Re: Greencoat UK Wind (UKW)

#426258

Postby richfool » July 9th, 2021, 8:01 pm

I'll suggest this (new) topic is merged into the existing topic:

viewtopic.php?t=17767

daveh
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Re: Greencoat UK Wind (UKW)

#426271

Postby daveh » July 9th, 2021, 8:58 pm

richfool wrote:I'll suggest this (new) topic is merged into the existing topic:

viewtopic.php?t=17767

Except this is a different board. I see no reason why UKW shouldn't have a thread here on the company share board and a thread on investment trusts board.

Dod101
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Re: Greencoat UK Wind (UKW)

#426281

Postby Dod101 » July 9th, 2021, 9:27 pm

daveh wrote:
richfool wrote:I'll suggest this (new) topic is merged into the existing topic:

viewtopic.php?t=17767

Except this is a different board. I see no reason why UKW shouldn't have a thread here on the company share board and a thread on investment trusts board.


It will after all, help to confuse the issue, so why not?

Dod

idpickering
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Re: Greencoat UK Wind (UKW)

#426320

Postby idpickering » July 10th, 2021, 3:56 am

Dod101 wrote:
daveh wrote:
richfool wrote:I'll suggest this (new) topic is merged into the existing topic:

viewtopic.php?t=17767

Except this is a different board. I see no reason why UKW shouldn't have a thread here on the company share board and a thread on investment trusts board.


It will after all, help to confuse the issue, so why not?

Dod


Imho, discussing UKW here is fine. I never go to the IT board so i would’ve missed this chat completely.

Ian.

88V8
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Re: Greencoat UK Wind (UKW)

#426382

Postby 88V8 » July 10th, 2021, 11:43 am

idpickering wrote:Imho, discussing UKW here is fine. I never go to the IT board so i would’ve missed this chat completely.

But you've started to buy ITs, so perhaps you will in future :)

I agree it's not a problem to discuss Cos in two places, we seem to manage with HYPP and the Companies boards.

V8

richfool
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Re: Greencoat UK Wind (UKW)

#426403

Postby richfool » July 10th, 2021, 12:23 pm

daveh wrote:
richfool wrote:I'll suggest this (new) topic is merged into the existing topic:

viewtopic.php?t=17767

Except this is a different board. I see no reason why UKW shouldn't have a thread here on the company share board and a thread on investment trusts board.

I would have looked for it on the Investment Trust board, as UKW is listed in the AIC and Citywire Investment Trust tables. (TBH It wouldn't have occurred to me to look anywhere else.)

idpickering
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Re: Greencoat UK Wind (UKW)

#431090

Postby idpickering » July 29th, 2021, 7:31 am

Half Year Results, NAV & Dividend Announcement

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.



https://www.investegate.co.uk/greencoat ... 00068163G/

idpickering
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Re: Greencoat UK Wind (UKW)

#445940

Postby idpickering » September 28th, 2021, 2:04 pm

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 121m (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 £1,050m 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."


https://www.investegate.co.uk/greencoat ... 00021210N/

idpickering
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Re: Greencoat UK Wind (UKW)

#446609

Postby idpickering » September 30th, 2021, 2:26 pm

Completion of Commissioning of Douglas West

Greencoat UK Wind PLC (the "Company", or "UKW") is pleased to announce that the commissioning of Douglas West wind farm has been completed.

Douglas West is a 45MW wind farm located 7 miles south-west of Lanark, Scotland and comprises 13 Vestas V136 3.6MW turbines. The addition of Douglas West increases UKW's net generating capacity to 1,289MW and is the first subsidy free asset in the portfolio.

The acquisition was first announced in December 2018 and the project has been funded through reinvestment of UKW's excess cash flow.


https://www.investegate.co.uk/greencoat ... 00375938N/

idpickering
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Re: Greencoat UK Wind (UKW)

#448332

Postby idpickering » October 6th, 2021, 4:41 pm

Capital Markets Event

Greencoat UK Wind PLC (the "Company", or "UKW") will hold a virtual briefing for investors and analysts on 'Driving shareholder value through active asset management' on Tuesday 19 October at 2.00pm BST.

The webinar will provide insight on how UKW actively manages its wind farm assets to deliver further value in its portfolio, with presentations from Stephen Lilley and Javier Serrano of Greencoat Capital. The event will include a 30 minute presentation followed by a Q&A. No new material financial information will be disclosed.

To register for the event, please click on the link below:

https://webcasting.brrmedia.co.uk/broad ... 5a941907f7


https://www.investegate.co.uk/greencoat ... 00131275O/

idpickering
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Re: Greencoat UK Wind (UKW)

#455029

Postby idpickering » November 2nd, 2021, 7:20 am

Acquisition and Launch of Equity Raise

Investment in Burbo Bank Extension offshore wind farm and Launch of Equity Raise

Greencoat UK Wind plc (the "Company" or "UKW"), the leading listed renewable infrastructure fund, invested in UK wind farms, is pleased to announce that it has agreed to acquire a 25% stake in Burbo Bank Extension offshore wind farm from AIP, in partnership with a number of pension funds investing through Greencoat Renewable Income LP, a fund also managed by Greencoat Capital. UKW will acquire a net 15.7% stake in the wind farm for a total cash consideration (including cash and working capital) of £250 million (the "Acquisition"). The Acquisition is scheduled to complete on 30 November 2021.

Burbo Bank Extension is located four miles north of the Wirral in North West England. It was commissioned in July 2017, comprises 32 Vestas V164 8.13MW turbines and has a grid capacity of 258MW. Burbo Bank Extension, has a load factor of 43.8% and benefits from a CFD priced at £176.57/MWh (real 2021) until 31 March 2032. Orsted will provide operation and maintenance and management services to the wind farm.

The Acquisition will be funded using the Company's revolving credit facility, cashflow and the proceeds of a new equity raise launching today, further details below.

The Equity Raise

The Company is also today announcing an equity raise through a placing (the "Placing"), open offer (the "Open Offer"), intermediaries offer (the "Intermediaries Offer") and offer for subscription (the "Offer for Subscription") (together the "Issue"). The prospectus ("Prospectus") relating to the Issue is expected to be published in the coming days.

The net proceeds from the Issue are expected to be used to fund the Acquisition and repay amounts drawn under the Company's Facility Agreement (as defined in the Prospectus), thereby funding an attractive pipeline of investment opportunities, including near-term committed investments in Windy Rig, Twentyshilling and Glen Kyllachy.

Facility Agreement

The Company also recently increased its Facility Agreement from £400 million to £600 million. This is in addition to the Company's existing £700 million of fixed term debt. Following the completion of the Acquisition, the Company expects to have c. £1.3 billion of drawn Aggregate Group Debt, equating to c. 34% of GAV.


https://www.investegate.co.uk/greencoat ... 00039933Q/

idpickering
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Re: Greencoat UK Wind (UKW)

#460734

Postby idpickering » November 25th, 2021, 7:18 am

Result of Equity Raise and Tap Issue

Greencoat UK Wind PLC (the "Company" or "UKW"), the leading listed renewable infrastructure fund invested in operating UK wind farms, today announces the result of the placing (the "Placing"), open offer (the "Open Offer"), intermediaries offer (the "Intermediaries Offer") and offer for subscription (the "Offer for Subscription") (together the "Issue") announced on 2 November 2021.

Investor demand for the Issue has significantly exceeded the maximum size of £396 million. The Board, after careful consideration with the Investment Manager and the Joint Global Co-Ordinators, has determined to utilise part of its annual pre-emption disapplication authority to satisfy £54 million of the excess demand on equivalent terms to the Placing (the "Tap Issue"). Accordingly, the total size of the Issue when aggregated with the Tap Issue will be £450 million.

In taking this decision, the Board has taken into account the drawn amount on the Company's Facility Agreement of £350 million and the £400 million of investment commitments expected to be made by January 2022.

Highlights

§ Gross issue proceeds of £450 million

§ The net proceeds from the Issue will be used to fund the £250 million investment in the Burbo Bank Extension offshore wind farm and partially repay the Company's Facility Agreement which is currently £350 million drawn, thereby facilitating the funding of an attractive pipeline of investment opportunities, including near-term committed investments in Windy Rig, Twentyshilling and Glen Kyllachy

§ The Issue is conditional on shareholders voting in favour of the resolutions proposed at the General Meeting to be held at 11.00 a.m. on 26 November 2021

Commenting on the announcement, Shonaid Jemmett-Page, Chairman of UKW said: "We are delighted to announce another successful and oversubscribed equity raise and we are grateful for the ongoing support we have received. We look forward to maintaining our track record of dependable returns to shareholders."

Stephen Lilley of Greencoat Capital added: "This capital raise will help fund the investment in Burbo Bank Extension along with our previously announced commitments to invest in Windy Rig, Twentyshilling and Glen Kyllachy, currently being commissioned. We continue to see a strong pipeline of attractive investment opportunities."

A total of 340,909,091 New Ordinary Shares will be issued, of which 147,975,902 will be issued under the Placing, 132,755,455 will be issued under the Open Offer (including Excess Applications), 19,268,643 will be issued under the Intermediaries Offer and Offer for Subscription, and 40,909,091 will be issued under the Tap Issue.

All valid applications under the Open Offer (excluding Excess Applications) will be met in full. A scaling back exercise has been undertaken with respect to Excess Applications, the Offer for Subscription, the Intermediaries Offer and the Placing.

Application for Admission

Application will be made for all of the 340,909,091 New Ordinary Shares to be admitted to the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's main market for listed securities with effect from 8.00 a.m. on 29 November 2021.


https://www.investegate.co.uk/greencoat ... 00035214T/

Gerry557
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Re: Greencoat UK Wind (UKW)

#460774

Postby Gerry557 » November 25th, 2021, 10:14 am

I asked for excess over the entitlement so expect to be scaled back.


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