Greencoat UK Wind has announced to raise capital up to GBP-118.8-million through share offering to fund its planned acquisition of additional interest in the Clyde wind projects

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Greencoat UK Wind has announced to raise capital up to GBP-118.8-million through share offering to fund its planned acquisition of additional interest in the Clyde wind projects. Greencoat UK Wind and GLIL Infrastructure is currently holding a combined interest of 35% in the projects. Greencoat UK Wind will start a placement of up to 101.58 million new ordinary shares at a price of GBP 1.17 apiece, representing a 2.6% discount to the closing price of Greencoat's stock on May 4. The offering will be conducted on a non pre-emptive basis among institutional investors and is seen to be accretive to the net asset value per share of the company
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