Greencoat unveils maiden interim dividend of 1.5p

Renewables investor Greencoat UK Wind is to pay shareholders an interim dividend of 1.5p a share after unveiling its first set of results since listing in March.

The firm, which raised £260 million when it came to the market, floated to buy renewables assets from Perth-based SSE and German utility RWE.

Along with a 50 per cent stake in the Braes of Doune windfarm near Stirling, it owns the Carcant windfarm in the Borders and onshore sites in Northern Ireland.

Chairman Tim Ingram said: “We remain confident that the outlook for investment in UK windfarms is very encouraging. There is continuing strong investment in the construction of new wind farms and there should be a plentiful supply of operating wind farms to purchase at an attractive yield.

“We are currently actively evaluating and performing due diligence on a number of good opportunities.”