Wind farm investor is upbeat

Greencoat UK said yesterday its investment in six wind farms has boosted net assets to £263m in the three months since it listed in London. The investment firm, which focuses solely on renewable energy and energy efficiency, raised an initial £260m and yesterday declared a dividend of £3.9m. Chairman Tim Ingram said: “We have now put in place a solid platform to deliver further growth whilst ensuring sustainable returns to our investors.”