Greencoat UK Wind PLC - renewable infrastructure fund invested in 38 operating UK wind farms - Says it has completed its investment in the Humber Gateway wind farm project. At the end of November, Greencoat agreed to acquire a 49% stake in the offshore wind farm from RWE AG. The 219 megawatt wind farm comprises 73 Vestas 3 megawatt turbines and has a 45% load factor. The renewable energy infrastructure investor previously stated it will acquire a 38% stake in the wind farm for GBP500 million, adding that a number of pension funds investing through a fund also managed by investment manager Greencoat Capital LLP will acquire an 11% stake for GBP148 million. German utility RWE will continue to hold the remaining 51% stake and will continue to provide operation and maintenance and management services to the wind farm.
Current stock price: 130.39 pence
Year-to-date change: down 14%
By Paul McGowan; paulmcgowan@alliancenews.com
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Greencoat UK Wind (UKW)