Greencoat UK Wind PLC announced that in recognition of the very strong cash flow delivered by the business through 2023 to date, the Board also has decided to pay a 3.43 pence per share dividend for fourth quarter of 2023 increasing the 2023 full year dividend target to 10 pence per share.

As a consequence of the company's prospects, strong balance sheet and cash flow generation, the Board has determined it will increase its annual dividend target to 10 pence share for the 2024 financial year, an increase of 14.2% over the 2023 target dividend of 8.76 pence. This increase is significantly higher than forecast December 2023 RPI inflation.