The chasm that has built up between the market value of infrastructure funds and the assets in which they invest is problematic for expansion plans. Equity markets are no longer the easy source of growth capital that they have been.
In that context, Greencoat UK Wind is in a more assured position. It has scale on its side, owning and operating 46 wind farms throughout Britain. Those assets are capable of generating 1.6 gigawatts of power, enough to power 1.8 million homes. It also has capitalised on soaring wholesale energy prices. Projects include the Maerdy wind farm in south Wales and a 19 per cent stake in Hornsea One in the North Sea.
It sets the FTSE 250 investment trust on course to generate more
