Greencoat UK Wind plc (UKW), the listed renewable infrastructure fund invested in operating wind farms, said it has raised £375 million via its share issuance programme.
Stephen Lilley of Greencoat Capital said: “In 2019, we have added two further high quality investments to the portfolio, in Stronelairg and Dunmaglass, with a third, Tom nan Clach, to follow shortly.
“This equity capital raise enables UKW to continue to leverage our experience and acquisition expertise to make further attractive investments and provide dependable returns to shareholders.”
Greencoat UK Wind is an investment trust, or closed-end fund.
The fund is a constituent of the FTSE 250 and has a market capitalisation of about £1.7 billion.
UKW is managed by Greencoat Capital LLP, a European renewable investment manager with over £4 billion of assets under management across a number of funds in wind and solar infrastructure.
The fund said 281,954,887 new ordinary shares will be issued, increasing total ordinary shares to 1,516,927,700.