Greencoat UK Wind (LON:UKW)

Greencoat UK Wind (LON:UKW)


Share Price
136.60 p
Change
0 (0.00 %)
Market Cap
£1,547.06 m
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Greencoat UK Wind

Greencoat UK Wind invests in operating UK wind farms to provide shareholders with a sustainable and transparent income stream through an annual dividend on the issue price of 100p (6.76p target for 2018). Given the nature of the Company's income streams, the board has increased and intends to continue to increase the dividend in line with retail price index (RPI) inflation. The Company also...

EPIC: UKW
Market: LSE:UKW
52-week High/Low: 143.60p / 120.00p
Sector: Cleantech and Renewable Energy
Market Cap: £1,547.06 m
Website: www.greencoat-ukwind.com
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Big Picture – A Deep Dive Examination of Greencoat UK Wind


Greencoat UK Wind Snapshot

he Company offers exposure to UK wind generation through a premium listed vehicle. Greencoat UK Wind is invested solely in operating onshore and offshore UK wind farms which are currently producing income.

Greencoat UK Wind was the first renewable infrastructure fund to list on the LSE main market and is the only infrastructure fund or renewable infrastructure fund domiciled in the UK. The Company is a constituent of the FTSE-250 index. Greencoat UK Wind is incorporated in England and Wales, and is a UK Investment Trust.

The Company is managed by an experienced team of senior executives from Greencoat Capital LLP, a leading European renewable investment manager, and overseen by a strong and experienced independent board of directors, all of whom are based in the UK.

Greencoat UK Wind has a broad investor base that includes numerous blue-chip institutional investors.

Greencoat UK Wind plc currently conducts its affairs so that its Ordinary Shares (the "Shares") can be recommended by independent financial advisers ("IFAs") to retail private investors in accordance with the Financial Conduct Authority ("FCA") rules in relation to non-mainstream investment products and intends to continue to do so for the foreseeable future.

The Company is a UK plc and has been approved as an investment trust and, accordingly, the Shares are excluded securities for the purposes of the FCA's restrictions which apply to non-mainstream investment products since they are shares in an investment trust.

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The investment management team has significant expertise in infrastructure financing including investment in renewable energy infrastructure. The individuals in the team have, between then, invested or managed in excess of £3 billion of infrastructure assets across seven funds. Their experience covers the ownership, financing, and management of wind farm projects both offshore and onshore.

The investment management team is led by Stephen Lilley and Laurence Fumagalli, partners at leading European renewable investment manager, Greencoat Capital.

Stephen Lilley

STEPHEN LILLEY

Stephen Lilley has 21 years of investment management and financing experience in addition to six years in the nuclear industry. Prior to joining the Investment Manager, from May 2010 Stephen led the Renewable Energy Infrastructure Asset Management team at Climate Change Capital (CCC). Prior to that, he was with M&G Investment Management where he was a senior Director of Infracapital Partners LP, the European Infrastructure fund of the Prudential Group. During this time, Stephen led over £400 million of investments, including the acquisition of stakes in Kelda Group (Yorkshire Water), Zephyr (wind farms investment) and Meter Fit (gas/electricity metering investment). He also sat on the boards of these companies after acquisition.

Prior to this he was a Director at the Financial Security Assurance where he led over £2 billion of underwritings in the infrastructure and utility finance sectors including: major transport and health PPPs; the securitisation of Kielder Water for Northumbrian Water; and the repackaging of National Grid, Northumbrian, Wessex Water and Seeboard bonds. He has also worked for the investment companies of the Serco and Kvaerner Groups.

Stephen has a BSc in Physics from Durham University, an MBA from Strathclyde Graduate Business School and holds an Investment Management Certificate.

Laurence Fumagalli

Laurence Fumagalli

Laurence Fumagalli has eleven years' investment management experience in addition to ten years project finance experience in the European power sector, with a focus on UK wind.

Prior to joining the Investment Manager in March 2012, Laurence held a number of senior roles within CCC from 2006 to 2011. Initially he co-headed CCC's Advisory team, a provider of project finance, M&A, strategic and policy advice in the European renewables and clean-tech sectors. In 2007, Laurence transferred to CCC's Carbon Finance team as Managing Director responsible for origination and execution for all regions outside of China. Laurence joined Stephen in the Renewable Energy Infrastructure Asset Management team in early 2011.

Prior to joining CCC, Laurence spent approximately ten years in the European power sector in project and structured finance. From 2003-2006, Laurence headed the Bank of Tokyo-Mitsubishi's London-based renewables team, where he financed and advised on over 1GW of installed wind capacity. Prior to the Bank of Tokyo-Mitsubishi, Laurence worked in the power project finance team at Greenwich NatWest (formally NatWest Markets).

Laurence holds an MA in Mathematics and Philosophy from University College, Oxford and a MSc in Economics and Political Science from the California Institute of Technology (Caltech).

 

 

 

 

 

London

Tel: +44 20 7832 9400
3rd Floor, Burdett House
15-16 Buckingham Street
London
WC2N 6DU
 

Media Contact

Tom Rayner
+44 20 7832 9400
+44 7908 001 338
[email protected]

Investment Manager

Greencoat Capital LLP
3rd Floor, Burdett House
15-16 Buckingham Street
London WC2N 6DU


Administrator and Company Secretary

Heritage Administration Services Limited
The Innovation Centre
Northern Ireland Science Park
Queen’s Road
Belfast BT3 9DT


Depositary

Heritage Depositary Company (UK) Limited
The Innovation Centre
Northern Ireland Science Park
Queen’s Road
Belfast BT3 9DT


Registrar

Capita Registrars Limited
The Registry
34 Beckenham Road
Beckenham
Kent BR3 4TF

 

Registered Office

27-28 Eastcastle Street
London W1W 8DH


Registered Auditor

BDO LLP
55 Baker Street
London W1U 7EU


Legal Adviser

Norton Rose Fulbright LLP
3 More London Riverside
London SE1 2AQ


Broker

RBC Capital Markets
Riverbank House
2 Swan Lane
London EC4R 3BF


Account Bank

The Royal Bank of Scotland PLC
280 Bishopsgate
London EC2M 4RB

 

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