UK government sells its 10.8% stake in Greencoat UK Wind Plc
The UK government has sold its entire 10.8% stake in Greencoat UK Wind Plc, a wind farm investor focused on UK assets.
Pinsent Masons has advised the UK Department for Business, Innovation and Skills (BIS) on its disposal of 50 million ordinary shares in the capital of the fund raising gross sale proceeds of £51.75 million (US$ 78.8 million).
The joint bookrunners of the accelerated bookbuild have been RBC Capital Markets and Barclays Bank Plc.
Greencoat UK Wind, which made an Initial Public Offering on the London Stock Exchange in 2013, invests in operating UK wind farms to provide shareholders with a sustainable and transparent income stream through an annual dividend.
Greencoat UK Wind is fully invested solely in operating 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. Greencoat UK Wind is incorporated in England and Wales, and is a UK Investment Trust. BIS invested in the launch of Greencoat UK Wind in March 2013.
Country news
-
-
February 12, 2015
Tamar Energy refinances £32m of anaerobic digestion plants
Tamar Energy has secured a landmark £32 million (US$48.8 million) non-recourse project finance facility for its 5 anaerobic digestion (AD) plants located in United Kingdom. Read more -
February 13, 2015
£51M EIB backing for Gwynt y Mor offshore transmission link
The European Investment Bank (EIB) has agreed to provide £51 million (US$78 million) backing for the Gwynt y Môr offshore transmission link, located in the Wales coast. Read more -
February 17, 2015
RWE Innogy and Statkraft agree partnership deal for Triton Knoll Offshore Wind Farm
RWE Innogy and Statkraft have signed an agreement to jointly develop the Triton Knoll Offshore Wind Farm, off the east coast of England. Read more -
February 18, 2015
Latham & Watkins add oil&gas Partner in London
Latham & Watkins is pleased to announce that Simon Tysoe will be joining the firm’s London office as a partner in the Corporate Department. Read more -
February 18, 2015
Balfour Beatty sells 80% interest in Thanet OFTO to Equitix
Balfour Beatty has sold to Equitix an 80% interest in the UK Thanet offshore transmission project (OFTO) for £40 million (US$61.4 million). Read more
