26 Feb '18, 11am

Greencoat's expanded portfolio ups income - Windpower Monthly

Greencoat's expanded portfolio ups income - Windpower Monthly

The investment group acquired interests in ten new UK wind farms last year and also increased its stake in the 350MW Clyde project. Greencoat invested a total of £507.4 million (€576.7 million) and increased its net generating capacity from 420MW to 694MW. Its portfolio generated 1,457GWh last year and raised £80.1 million, the company said. Both figures were up from 2016’s electricity generation of 978.1GWh and £49 million net cash generation. The company’s total income for the year was £81.74 million, up 3.5% from £78.93 million in 2016 . Its operating profit also inched up year-on-year from £67.48 million to £67.68 million, while £340 million raised through a share issuance programme announced in September meant the company’s market capitalisation reached £1.26 billion, Greencoat said. It is the first time its market value surpassed £1 billion. However, the company’s an...

Full article: https://www.windpowermonthly.com/article/1458014/greencoa...

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