Greencoat UK Wind PLC today announces the half year results for the period to 30 June 2026.

Greencoat UK Wind PLC is the leading listed renewable infrastructure fund, invested in UK wind farms. The Company was designed for investors, from first principles, to be simple, transparent and low risk. Its aim is to provide investors with an annual dividend that increases in line with CPI inflation while preserving its long term value by reinvesting surplus cash flow. The Company has to date paid £1.5 billion in dividends to its shareholders and generated a further £1.1 billion of excess free cash to invest in new assets.

The Company enables investors to own a direct stake in UK wind farms, so increasing the resources and capital dedicated to the deployment of renewable energy capacity needed to meet forecast growth in UK electricity demand.

Performance

• The Group's investments generated 3,003GWh of renewable electricity (HY 2025: 2,567 GWh), 4.9 per cent above budget
• Strong net cash generation (Group and wind farm SPVs) of £222 million (HY 2025: £163 million), benefitting from strong generation and realised power prices
• Half year dividend cover was 1.9x (HY 2025: 1.4x)
• Full year net cash generation on course to be towards the top end of £350 - 410 million 2026 guidance

Commenting on today's results, Lucinda Riches, Chairman of Greencoat UK Wind, said:

The first half of 2026 has seen strong operational and financial performance. Generation was ahead of budget, net cash generation was robust and dividend cover was 1.9x. The Company also continued to strengthen its balance sheet through debt repayment and the successful refinancing of its 2026 debt maturities. The Board remains focused on maintaining a disciplined approach to capital allocation while continuing to assess investment opportunities to support long-term shareholder value.