Greencoat UK Wind on the rise as institutions clamour for renewables

Last updated:  02 Aug 2025

Snapshot

  • Greencoat UK Wind posts resilient H1 2025 results – ICYMI
  • Greencoat UK Wind seals position as leading pure-play British wind power provider
  • UK wind sector buoyed by best performance in six years
  • Greencoat UK Wind half-year results and key market insights
wind farms

About the company

Greencoat UK Wind PLC is the leading listed renewable infrastructure fund, invested in operating UK wind farms.

The fund is a constituent of the FTSE 250 and has a market capitalisation of approximately c.£3.2bn.

How it is doing

02 Aug 2025

Greencoat UK Wind PLC’s (LSE:UKW) Matt Ridley talked with Proactive about the company’s interim results and strategic direction in a challenging macro environment.

Ridley highlighted that this marks the twelfth consecutive year of paying an RPI-linked progressive dividend, amounting to £1.3 billion in total distributions. “We generated about £1 billion of cash to reinvest in the business,” he noted, emphasising the importance of maintaining net asset value in real terms.

Despite facing some of the lowest wind speeds in the first half of the year, Greencoat UK Wind still achieved a 1.4x dividend cover. Ridley said this demonstrates the resilience of the portfolio. However, net asset value declined, impacted by lower-than-expected generation and softer power prices.

To support capital allocation efforts, the company has now completed £222 million in asset disposals over eight months, including four new disposals announced with the interim results. These were completed at prevailing NAV, reinforcing the disconnect between the share price and private market valuations.

Greencoat UK Wind PLC (LSE:UKW) has agreed to sell partial stakes in three of its wind farms, raising a total of £181 million and bringing its cumulative disposals over the past year to £222 million.

The London-listed renewables investment group said on Wednesday that it will dispose of 32.65% interests in each of the Andershaw and Bishopthorpe onshore wind farms for £42.6 million.