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Greencoat Capital makes third acquisition this year with 49% stake in Humber Gateway
Greencoat UK Wind PLC (LON:UKW) Stephen Lillie talks to Proactive London about the agreement to acquire a 49% stake in the Humber Gateway offshore wind farm as part of a consortium with several pension funds.
This represents their third acquisition this year and means the specialist wind power specialist will be the largest part of the consortium and acquire a net 38% stake for £500m while the pension funds will acquire a net 11% for £148m.
As a Yorkshireman himself, Lillie is particularly pleased with this move and is confident they will reap the benefits as they build up with ‘balanced portfolio’.
Published at Tue, 24 Nov 2020 14:24:00 +0000-Greencoat Capital makes third acquisition this year with 49% stake in Humber Gateway
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