Greencoat UK Wind rises on stake buy in London Array wind farm

Greencoat UK Wind

24/07/2023 08:58

** British wind farm focused fund Greencoat UK Wind PLC
 UKWG.L  up 1.85% at 148.1 pence in morning trade
    ** UKWG, with other funds, has acquired 25% stake in London
Array offshore wind farm for 717 million pounds ($920.8 million)
    ** UKWG's total investment is expected to be 444 million
pounds, which includes a 13.7% net stake in Orsted-based London
Array offshore wind farm 
    ** Says as on June 30, cash balance was 499 million pounds 
    ** Stock is down 2.76% YTD 

($1 = 0.7787 pounds)

 (Reporting By Akshita Toshniwal in Bengaluru)
 ((Akshita.Toshniwal@thomsonreuters.com))