Greencoat UK Wind

The UK government plans to abolish the CO2 price floor from April 2028. Greencoat UK Wind’s investment manager expects the company’s net asset value to fall by about 3 to 5 pence per share. Initial analysis forecasts wholesale electricity prices to drop by around £4–5/MWh in the years after 2028 and then by £2–3/MWh; details in the Q1 factsheet on 27 April. » Plus sur de.investing.com

As of 31 December 2025 Greencoat UK Wind reports a net asset value of 133.5 pence per share and a total return for the year of -4.9%. The NAV is below the preliminary figure after subsidies were recalculated following RPI/CPI; the stock trades at 93.45 pence, a discount of 29.8%, prompting a continuation vote at the AGM. Key negatives were lower power prices (NAV -2.4%) and generation 8.5% below plan after weak wind; the average realised power price was £70/MWh versus the N2EX index at £80.7/MWh. Cash balances stood at £171m and gross debt at £2,126m (42.5% of gross assets); net inflows of £291m enabled dividend cover of 1.3x, with cover expected to be 1.7x for 2026, while further divestments and fixed-price contracts are planned. » Plus sur de.investing.com

Greencoat UK Wind has reduced its unaudited net asset value per share as of 31 Dec 2025 from 136.1p to 133.5p and changed its dividend policy so that dividends will in future be linked to CPI rather than RPI inflation. The move follows the UK government's announcement to link the Renewables Obligation system to CPI from 1 April 2026. For 2025 the company reported net cash inflow from operating activities of £291m, total generation 8.5% below plan, and gross disposal proceeds of £181m. The shares last traded at 98p, about 27% below the adjusted NAV, implying a forecast yield of 10.9% based on the dividend target for 2026. » Plus sur de.investing.com