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Greencoat UK Wind increase size of funding round to £450m due to the high demand

Published: 13:13 25 Nov 2021 GMT

Greencoat UK Wind PLC (LSE:UKW)'s (Greencoat UK Wind PLC (LSE:UKW)) Stephen Lilley of Greencoat Capital talks to Proactive London about the rationale behind raising the size of its latest funding round to £450mln. 

Originally the group aimed to raise £396mln but said it decided to issue a further £54mln in shares due to the high demand.

The proceeds will be used to fund the £250mln investment in the Burbo Bank Extension offshore wind farm and partially repay the company's loan facility agreement.

Greencoat UK Wind focuses on capital allocation following strong 2023...

Greencoat UK Wind PLC (LSE:UKW)'s Stephen Lilley discusses the company's full-year results for 2023, highlighting significant financial achievements and strategic initiatives. The company reported over £406 million of net cash generation and a coverage ratio of 2.1 times. Due to its strong...

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