Greencoat UK Wind ( (GB:UKW) ) has provided an update.
Greencoat UK Wind PLC reported its financial results for the year ending December 31, 2024, highlighting a net cash generation of £278.7 million and the production of 5,484GWh of renewable electricity. Despite challenges such as lower portfolio generation due to low wind and infrastructure issues, the company maintained strong cash flow and declared dividends of 10 pence per share, with plans to increase this in 2025. The company also engaged in strategic capital allocation through share buybacks and acquisitions, while refinancing debt to strengthen its balance sheet. Greencoat UK Wind remains committed to supporting the UK’s net zero ambitions and delivering returns to investors, despite a challenging market environment.
More about Greencoat UK Wind
Greencoat UK Wind PLC is a leading listed renewable infrastructure fund focused on investing in UK wind farms. The company aims to provide investors with an annual dividend that increases with RPI inflation while preserving the capital value of its investment portfolio through reinvestment of excess cash flow. It offers investors a direct stake in UK wind farms, enhancing resources for renewable energy deployment and reducing greenhouse gas emissions.
YTD Price Performance: -10.56%
Average Trading Volume: 4,060,299
Technical Sentiment Consensus Rating: Buy
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