Banks Group: Greencoat UK Wind buys near 50% stake in Kype Muir Extension wind farm

Greencoat UK Wind PLC - invests in UK wind farms - Buys 49.9% stake in Kype Muir Extension wind farm from Banks Renewables. Greencoat says it committed to buy the interest back in December 2020, and... Greencoat UK Wind PLC - invests in UK wind farms - Buys 49.9% stake in Kype Muir Extension wind farm from Banks Renewables. Greencoat says it committed to buy the interest back in December 2020, and it made the investment during construction via a loan which has now been repaid. Completion of the acquisition takes Greencoat UK's net generating capacity to over 2 gigawatts. Back in December 2020, Greencoat UK said it would pay GBP51.4 million for the 49.9% stake in Kype Muir Extension wind farm, which located in South Lanarkshire, Scotland. Current stock price: 145.33 pence, up 0.3% on Monday 12-month change: down 4.5% By Tom Budszus, Alliance News slot editor Comments and questions to newsroom@alliancenews.com Copyright 2023 Alliance News Ltd. All Rights Reserved.