Gas, Water & Multiutilities
Greencoat UK Wind is a renewable-energy investment company owning a large portfolio of operating UK wind farms. Its objective is to provide investors with a sustainable annual dividend that rises in line with inflation while preserving capital over the long term.
Ownership and operation of onshore and offshore wind farms, acquisition of operational renewable assets, debt management and distribution of project cash flows to shareholders.
The United Kingdom electricity and renewable-energy market, with revenues derived from power sales and government-backed renewable support mechanisms.
Wind generation, electricity prices, inflation-linked revenues, asset availability, operating costs, interest rates, portfolio acquisitions and the share-price discount to NAV.
Low power prices, weak wind resource, turbine failures, regulatory change, rising financing costs, valuation movements and a persistent discount to NAV.
30 July 2026: half-year results indicated dividend cover of about 1.9 times and reaffirmed the 10.70p 2026 dividend target. Management expects strong cash generation and is prioritising balance-sheet strength and selective capital allocation while the shares trade below NAV; power prices, wind conditions and discount management remain important into 2027.
Greencoat UK Wind pays quarterly and targets annual dividend growth in line with CPI. The 2026 target is 10.70p per share, up 3.4% year on year, equivalent to 2.675p each quarter; the latest quarterly payment is due on 28 August 2026.
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