(via NewsDirect)
Due to its strong cash flow, the trust, which is one of the UK’s largest wind farm operators, has remained resilient despite rising interest rates and a higher discount rate.
Lilley said Greencoast has focused on capital allocation, particularly as shares have been trading at a discount to net asset value (NAV), leading to an increase in the dividend for 2023 from
Additionally,
Looking ahead, the company aims to support the expansion of wind capacity in line with government targets for 2050, focusing on owning and operating existing capacity while recycling capital into new projects.
Despite some limitations due to trading at a discount to NAV, the company sees ample growth opportunities and may consider disposals to manage its capital effectively. Lilley remains optimistic about the company's performance in 2024, with stable operations and a positive outlook for February's production capacity.
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