+++ UKW buys wind farm from BayWa +++

(News from the only true community investment on Getquin)

The news is now almost a week old again, but I did not want to withhold this from the participants of UKW here.

As $UKW (-1,04 %) has announced, they are buying the Scottish wind farm Dalquhandy for about 50 million GBP (about 57 million €).

This wind farm has a total capacity of 42 megawatts and thus increases the total capacity of all turbines held to 1,652MW. Greencoat UK Wind thus holds a stake in 46 wind farms in the United Kingdom.

80% of the electricity generated at Dalquhandy Wind Farm is also sold and supplied under a long-term power purchase agreement to the telecommunications company BT Group. $BT.A (-1,18 %) through a long-term power purchase agreement.

The 10 wind turbines installed there are Vestas wheels model V136 4.2MW.

Another interesting fact is that Dalquhandy is the sixth wind farm acquired from BayWa. More precisely, it is BayWa r.e., the energy subsidiary of the $BYW6 (-1,7 %) BayWa, which among other things offers services around energy topics, acts as a PV dealer or is also represented on the market as a project developer for wind farms and other energy solutions.

The transaction is expected to close in May 2023 and our appointed Chairman Shonaid Jemmet-Page (until
@RealMichaelScott
takes the place) stated: "Greencoat UK Wind continues to generate significant cash flow in excess of its dividend and we are delighted to announce the acquisition of Dalquhandy wind farm. This net asset value accretive transaction grows our portfolio to 46 wind farms with a generating capacity of 1,652MW. Our pipeline of potential acquisitions remains healthy and we look forward to making further attractive investments in due course as we continue to play our role in decarbonising the UK economy."

So, all in all, the path continues to look very good and the acquisition is being made from the company's surplus cash flow. And, that's one of the key points about acquiring new parks... the cash flow will be maintained and the dividend will be secured in the future.

Annual general meeting of #ukw is, by the way, on 28.04.2023.

VESTAS V136-4.2MW wind turbine:

https://www.vestas.com/en/products/4-mw-platform/V136-4-2-MW

About Dalquhandy Wind Farm on the pages of BayWa r.e.:

https://www.baywa-re.co.uk/en/wind/dalquhandy-wind-farm

To the message:

https://www.greencoat-ukwind.com/news/2023/ukw-dalquhandy_acquisition