Further to the Company’s announcement on the 30 June 2026, GCP Infrastructure Investments (LON:GCP) has announced the completion of the sale of two operational onshore wind projects, Winscales Moor and Burton Wold, with total generating capacity of c. 26.5MW. The disposal occurred at a c. 13% premium to the valuation of the Projects included in the Company’s net asset value at 31 March 2026.
The disposal proceeds are made up of a day one consideration, and deferred consideration elements, the payments of which are linked to milestones. Day one cash proceeds of c. £10.3 million have been generated, with a further c. £0.8 million of tax-related proceeds expected imminently, and c. £0.6 million of deferred proceeds. The cash proceeds will be used in line with the Company’s published capital allocation policy. The disposal has reduced the Company’s exposure to equity-like interests in the onshore wind sector, in accordance with the stated objectives of the capital allocation policy.
The supported social housing disposal that will repay c.£47m of loans continues to progress, with completion expected in the coming months. The Company’s revolving credit facility (“RCF”) remains fully undrawn.
Capital allocation
Any excess cash balance will continue to be applied in accordance with the framework that the Company has set out for use of cash. At the prevailing discount at which the Company’s ordinary shares trade to the Company’s net asset value per ordinary share, such excess cash balance will be used to continue the Company’s share buyback programme.
