There are still plenty of opportunities in the acquisition pipeline for onshore UK wind farm operator Greencoat UK Wind PLC (LON:UKW) according to investment manager Stephen Lilley.
The fund had a busy 2019, Lilley told Proactive, with £600mln invested and £200mln committed for new projects but he expects to bid for more in 2020 as utilities recycle assets.
Wind speeds, a key factor for wind turbines, have also picked up recently with storms Ciara and Dennis and that has boosted electricity generation for Greencoat’s portfolio of assets which is now worth £2.4bn with a net asset value of 121.4p.
“Where there is value we want to buy,” said Lilley, adding that its other focus is making sure its turbines runs as efficiently as they can.
