Greencoat UK Wind Prioritizes Share Buybacks Despite Challenges

Greencoat UK Wind has pushed ahead with an ambitious share buyback programme, even as the trust struggles with low wind speeds and falling electricity prices. The trust’s half-year results reported that net asset value per share had dropped by 2.9 percent in the last six months, though this is still up 1.1 percent compared to the quarter before. Electricity generation for the six months jumped 27 percent year-on-year but was 15 percent below budget due to low wind speeds and an export cable failure at one of its sites. The trust has previously…