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    UKW   GB00B8SC6K54

GREENCOAT UK WIND PLC

(UKW)
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Delayed London Stock Exchange  -  11:35 2022-08-19 am EDT
163.60 GBX   +0.80%
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Greencoat UK Wind to Buy 12.5% Stake in Hornsea 1 Offshore Wind Farm for GBP400 Million

05/16/2022 | 03:02am EDT

By Jaime Llinares Taboada


Greencoat UK Wind PLC said Monday that it has agreed to acquire a 12.5% stake in Hornsea 1, the world's largest offshore wind farm, from Global Infrastructure Partners for 400 million pounds ($490.6 million).

The renewable infrastructure fund said that the acquisition is for a total enterprise value of GBP1.1 billion after including GBP0.7 billion of limited recourse debt.

Greencoat expects to fund the acquisition from cash flow and its revolving credit facility. The deal is expected to complete in the third quarter.

"This transaction, once completed, will add another high quality operating asset to our portfolio and increase our net generating capacity to over 1.6GW," Chairman Shonaid Jemmett-Page said.

Hornsea 1 has a total generation capacity of 1.2 gigawatts and is located in the U.K. North Sea. It is 50% owned and operated by Danish offshore wind developer Oersted AS and 50% owned by U.S. investment fund GIP.


Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT


(END) Dow Jones Newswires

05-16-22 0301ET

Stocks mentioned in the article
ChangeLast1st jan.
GREENCOAT UK WIND PLC 0.80% 163.6 Delayed Quote.15.43%
ORSTED A/S -0.32% 784.5 Delayed Quote.-5.77%
All news about GREENCOAT UK WIND PLC
07/28Greencoat UK Wind's H1 Profit Soars With Higher Return On Investments
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07/28GREENCOAT UK WIND : NAV Report – June 2022
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07/28GREENCOAT UK WIND : Half Yearly Report - 28 July 2022
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07/28GREENCOAT UK WIND : Half Yearly Presentation - 28 July 2022
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07/28Earnings Flash (UKW.L) GREENCOAT UK WIND Posts H1 Revenue GBP491.9M
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07/28Earnings Flash (UKW.L) GREENCOAT UK WIND Posts H1 EPS GBX23.80
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07/28Greencoat UK Wind PLC Reports Earnings Results for the Half Year Ended June 30, 2022
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07/28Greencoat UK Wind PLC Announces Quarterly Dividend in Respect of the Period from 1 Apri..
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07/28GREENCOAT UK WIND PLC : Half Year Results
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06/21Greencoat Uk Wind plc Announces Change of Registered Office
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Financials
Sales 2022 1 322 M 1 561 M 1 561 M
Net income 2022 1 142 M 1 349 M 1 349 M
Net Debt 2022 330 M 390 M 390 M
P/E ratio 2022 3,32x
Yield 2022 4,71%
Capitalization 3 792 M 4 479 M 4 479 M
EV / Sales 2022 3,12x
EV / Sales 2023 7,43x
Nbr of Employees -
Free-Float 99,4%
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Technical analysis trends GREENCOAT UK WIND PLC
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Mean consensus BUY
Number of Analysts 5
Last Close Price 163,60 GBX
Average target price 200,00 GBX
Spread / Average Target 22,2%
EPS Revisions
Managers and Directors
Shonaid Christina Ross Jemmett-Pag Chairman
Laurence Jon Fumagalli Investment Manager
Martin Patrick McAdam Independent Non-Executive Director
Lucinda Jane Riches Senior Independent Director
Caoimhe Mary Giblin Director
Sector and Competitors
1st jan.Capi. (M$)
GREENCOAT UK WIND PLC15.43%4 515
HIPGNOSIS SONGS FUND LIMITED-7.84%1 675
GLOBAL DATA CENTRE GROUP-23.94%60