Greencoat UK Wind plc (LON:UKW) has released its latest factsheet for September 2026.
Portfolio output and cash generation
• Q3 generation was 2% below budget; year-to-date generation was 3% above
• Q3 net cash generation was £45m (+81% y/y), driven by higher realised power prices; year-to-date net cash generation £267m (+42% y/y)
• The Company continues to expect 2026 EBITDA and net cash generation toward the upper end of its guidance ranges (£560-660m and £350-410m respectively)
NAV movements
• Higher two-year forward power prices were partly offset by forecast Electricity Generator Levy (EGL) payments and a slightly lower long-term curve
• Unlevered discount rates rose 25 bps across all cash flows, offset by higher short term inflation forecasts
Capital allocation
• Aggregate Group Debt was £2,047m (including MTM), or 41.1% of GAV, down from 41.7% at H1; after the period end, the Company refinanced £150m of term debt due to mature in 2027 with its existing lender group
• After period end, UKW acquired EDF Invest’s remaining 20% interest in the 96.4MW Willow portfolio (comprising five operational assets) for £10.5m
• As outlined at its recent Capital Markets Event, the Company sees opportunities to deploy internally generated capital across a broader range of UK wind investments
Greencoat UK Wind plc is exclusively focused on wind generation assets in the UK. The Company’s aim is to provide investors with an annual dividend that increases in line with CPI while preserving capital value on a real basis through the reinvestment of excess cashflow.
