REG - Greencoat UK Wind - Formal Response to RO Consultation

Greencoat UK WindAnnouncement

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RNS Number : 9692J  Greencoat UK Wind PLC  03 December 2025

LEI: 213800ZPBBK8H51RX165

 

3 December 2025

 

 

GREENCOAT UK WIND PLC

(the "Company")

 

Formal response to RO Consultation

 

Schroders Greencoat submits response to the Government consultation on changes
to inflation indexation in the Renewables Obligation scheme

 

Schroders Greencoat, in its capacity as the Investment Manager for Greencoat
UK Wind PLC, has submitted its response to the UK Government's consultation on
potential changes to the inflation indexation in the Renewables Obligation
("RO") scheme.

 

The response highlights, among other items, the following:

 

i.    The proposals set out in the RO consultation will not have the
desired impact of reducing consumer bills. Instead, it will drive up consumer
costs by increasing the cost of capital to finance new infrastructure.

ii.    There has already been an increase in the cost of capital as a
result of the RO consultation which can be seen in the share prices of the
listed renewables funds. This will increase the cost of the energy system
which will ultimately be borne by consumers.

iii.   The need to preserve grandfathering and, the principle of avoiding
retrospective change such that the UK's reputation for predictability,
stability and reliability in the way it treats investors, should be preserved.
There are precedents within other parts of the regulated utility sectors where
the principle of neutrality has been observed.

iv.   The Government has not allowed sufficient time for a fulsome
consultation which creates further uncertainty for investors.

v.    These types of interventions risk the achievability of the
Government's Clean Power Mission and wider infrastructure investment targets.

vi.   Accordingly, neither option set out in the consultation should be
pursued.

vii.  The RO should continue to use RPI until 2030 and then switch to CPIH as
clearly signalled to investors already by the UK Statistics Authority.

viii. Other options, such as the introduction of a voluntary Contract for
Difference, can reduce consumer bills and not impact investor confidence. This
is where the Government should turn their attention.

 

Schroders Greencoat and UKW look forward to engaging further with Government.
The full Schroders Greencoat submission into the consultation is available on
the following link
(https://mybrand.schroders.com/m/2ad676867707dffd/original/SGC-RO-Indexation-Consultation-Response-FINAL.pdf)
.

 

For further information, please contact:

 

Greencoat UK Wind PLC

Stephen Packwood

Matt Ridley

John Musk (Investor
Relations)
020 7832 9425

John.musk@schrodersgreencoat.com

 

Headland
        020 3805 4822

Stephen Malthouse

Charlie Twigg

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

 

Ocorian Administration (UK) Limited     Company Secretary

Josh
Finlay
        028 9693 0219

 

 

 

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