Greencoat UK Wind PLC Completion of Acquisitions (3518U)
28 March 2019 - 11:05PM
UK Regulatory
TIDMUKW
RNS Number : 3518U
Greencoat UK Wind PLC
28 March 2019
28 March 2019
Greencoat UK Wind plc (the "Company")
Completion of Acquisitions
The Company is pleased to announce the completion of the
acquisition of 49.9% stakes in the Stronelairg and Dunmaglass wind
farms from SSE, in partnership with a major UK pension fund whose
investment is managed by Greencoat Capital.
The Company is also pleased to announce the completion of the
acquisition of the Douglas West wind farm project from Blue
Energy.
The Company previously announced that it had entered into
agreements to make these acquisitions, subject to a number of
conditions, on 1 February 2019 and 20 December 2018
respectively.
For further information, please contact:
Greencoat UK Wind PLC 0207 832 9400
Stephen Lilley
Laurence Fumagalli
Tom Rayner
Estera Administration (UK) Limited - Company Secretary 0289 078 5868
Cheryl Surgeoner
Media enquires:
Headland 020 3805 4822
Stephen Malthouse
Rob Walker
Notes to Editors:
Greencoat UK Wind PLC is the leading listed renewable
infrastructure fund, invested in 34 operating UK wind farms with
net generating capacity of 950MW. The Company's aim is to provide
investors with an annual dividend that increases in line with RPI
inflation (6.94p for 2019) 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 is managed by an experienced team at Greencoat Capital LLP,
a leading European renewable investment manager with over GBP3.5
billion of assets under management across a number of funds in wind
and solar infrastructure, and is overseen 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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contact rns@lseg.com or visit www.rns.com.
END
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