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Greencoat Capital makes third acquisition this year with 49% stake in Humber Gateway

Greencoat UK Wind PLC (LON:UKW) Stephen Lillie talks to Proactive London about the agreement to acquire a 49% stake in the Humber Gateway offshore wind farm as part of a consortium with several pension funds.

This represents their third acquisition this year and means the specialist wind power specialist will be the largest part of the consortium and acquire a net 38% stake for £500m while the pension funds will acquire a net 11% for £148m.

As a Yorkshireman himself, Lillie is particularly pleased with this move and is confident they will reap the benefits as they build up with 'balanced portfolio'.

Quick facts: Greencoat UK Wind PLC

Price: 135.6 GBX

LSE:UKW
Market: LSE
Market Cap: £20.63 m
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Greencoat UK Wind's Stephen Lilley details new Walney acquisition

Greencoat UK Wind PLC's (LON:UKW) Stephen Lilley talks Proactive London through the acquisition of the Walney offshore wind farm. It's located nine miles off the Cumbrian coast and has a capacity of 367Mw. Greencoat's funding the purchase from its £400mln acquisition facility, which will push...

on 4/9/20

2 min read