• Greencoat UK Wind half-year results and key market insights

  • Jul 25 2024
  • Duración: 8 m
  • Podcast

Greencoat UK Wind half-year results and key market insights  Por  arte de portada

Greencoat UK Wind half-year results and key market insights

  • Resumen

  • Greencoat UK Wind PLC's Stephen Lilley and Matt Ridley spoke with Proactive's Stephen Gunnion about the company's half-year results and market developments. Lilley highlighted the production of 2.7 gigawatt-hours despite some wind availability issues, generating £165 million in cash, and maintaining robust dividend coverage. He also mentioned the dividend increase by 40.2% and an additional £29 million paid out, bringing last year's total dividend to £0.10 per share. Ridley discussed the relevance of Greencoat UK Wind in the market, noting its position as the fifth-largest wind asset owner in the UK behind the utilities. He emphasised the positive policy commitments from the new UK government towards accelerating net zero goals, including the lift of the de facto ban on onshore wind farms. Ridley sees significant market growth potential, estimating the market could grow to £275 billion in the next few years, presenting substantial opportunities for the company. Lilley further explained Greencoat UK Wind's capital allocation strategy, focusing on increasing dividends, buying back shares, and strategic disposals to optimise returns. He stressed the importance of maintaining a stable dividend and cash return to shareholders, even in a challenging market environment. Stay tuned to Proactive's YouTube channel for more insightful interviews and updates. Don't forget to like this video, subscribe to our channel, and enable notifications for future content. #GreencoatUKWind #RenewableEnergy #WindPower #NetZero #EnergyMarket #Dividends #SustainableInvesting #UKWindEnergy #ProactiveInterviews #GreenInvesting #HalfYearResults#ProactiveInvestor s #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
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