Greencoat UK Wind “in a very healthy position”
–News Direct–
Greencoat UK Wind PLC (LSE:UKW) investment co-manager Stephen Lilly visits the Proactive London studio to speak with Thomas Warner after the renewable infrastructure fund published half year results for the period to 30 June 2023 that revealed a first-half year-on-year dividend hike of 13.5%.
Lilly gives a brief overview of how Greencoat has been performing recently, highlighting the 204 million of net cash generated over the six months, backed by 2.1 terawatt hours of production, with net asset value remaining largely flat. Lilly attributed the results to various factors, including future power prices, inflation, and the value of assets acquired by the business.
He emphasised that he believes concerns regarding the fund's debt position and inflation are unfounded, as the company's stability and return on investment remained strong. He also highlights the importance of understanding the combination of dividends and reinvestment in achieving a healthy return, and reiterates that he believes Greencoat UK Wind is "in a very health position" and aims to continue its successful trajectory as a major player in the growing renewable energy sector.
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View source version on newsdirect.com: https://newsdirect.com/news/greencoat-uk-wind-in-a-very-healthy-position-350624940
Greencoat UK Wind PLC
COMTEX_437438275/2655/2023-07-27T10:46:27