REG - Greencoat UK Wind - Investment management team succession

Greencoat UK WindAnnouncement

27/02/2025 07:00

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RNS Number : 6051Y  Greencoat UK Wind PLC  27 February 2025

LEI: 213800ZPBBK8H51RX165

 

27 February 2025

 

This announcement contains inside information.

 

Greencoat UK Wind PLC

 

Investment management team succession

 

Greencoat UK Wind PLC (the "Company" or "UKW"), the leading listed renewable
infrastructure fund, invested in UK wind farms, announces that Stephen Lilley
has informed the UKW board of his intention to step down from his role as
co-head of the Schroders Greencoat LLP ("Schroders Greencoat") investment
management team managing UKW on 24 April 2025 following the Company's AGM.

 

The Board is pleased to announce that Steve Packwood, Partner, Schroders
Greencoat, will join Matt Ridley as co-head of the investment management team
to manage UKW alongside Matt Ridley from 24(th) April 2025.

 

Steve joined Schroders Greencoat in January 2025. He has 20 years' renewable
energy experience, spanning the development, construction and operational
phases across a range of technologies. Prior to joining Schroders Greencoat,
he was Regional Director of Projects at BayWa r.e. where he was responsible
for the development and construction of wind, solar, and storage projects in
several European markets, including the UK. Prior to this, Steve worked for
Cubico Sustainable Investments ("Cubico") where he led the Northern Europe
team and was responsible for all activities from M&A to asset management.
Before Cubico, Steve worked for over a decade at RES in a variety of
commercial roles gaining extensive experience across the full lifecycle of
renewable energy projects. Steve holds a BSc in Geology from Bristol
University, a MSc in Renewable Energy Systems Technology from Loughborough,
and is a CIMA qualified chartered accountant.

 

Lucinda Riches, Chairman of Greencoat UK Wind, said:

 

"On behalf of the Board, I want to take this opportunity to thank Stephen for
his vision, judgement and unwavering commitment to list, manage and grow
Greencoat UK Wind over the last 12 years. Alongside Laurence Fumagalli and,
more recently, Matt Ridley, he created the first renewable infrastructure fund
and has grown it into one of UK's largest wind farm owners whilst delivering
strong returns for shareholders, including £1.2bn of dividends and over
£900m reinvested in the portfolio. Stephen leaves the Company well placed to
capitalise on its leading position.

 

"We are delighted to appoint Steve Packwood, bringing a wealth of experience
and expertise in the renewable energy industry which will be invaluable for
Greencoat UK Wind. As a Board we look forward to working with Steve and Matt
to continue driving the business forward and delivering for our stakeholders."

 

For further information, please contact:

 

Greencoat UK Wind PLC      020 7832 9425

Stephen Lilley

Matt Ridley

 

Headland Consultancy          020 3805 4822

Stephen Malthouse

Rob Walker

Charlie Twigg

ukwind@headlandconsultancy.com (mailto:ukwind@headlandconsultancy.com)

 

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