1、Greencoat UK Wind PLCAnnual ReportFor the year ended 31 December 2020G R E E N C O ATUK WINDSummary01Chairmans Statement02Strategic Report05Investment Managers Report11Board of Directors27Report of the Directors30Directors Remuneration Report33Statement of Directors Responsibilities36Corporate Gover
2、nance Report37Audit Committee Report43Independent Auditors Report47Financial Statements54Notes to the Financial Statements60Company Information88Supplementary Information89Defined Terms90Alternative Performance Measures93Cautionary Statement94ContentsG R E E N C O ATUK WINDAll capitalised terms are
3、defined in the list of defined terms on pages 90 to 92 unless separately defined.SummaryGreencoat UK Wind PLC is the leading listed renewable infrastructure fund,invested in UK wind farms.TheCompanys aim is to provide investors with an annual dividend that increases in line with RPI inflation whilep
4、reserving the capital value of its investment portfolio in the long term on a real basis through reinvestment ofexcess cashflow and the prudent use of gearing.The Company provides investors with the opportunity to participate directly in the ownership of UK wind farms,so increasing the resources and
5、 capital dedicated to the deployment of renewable energy and the reduction ofgreenhouse gas emissions.HighlightsThe Groups investments generated 2,952GWh of zero carbon electricity.Net cash generation(Group and wind farm SPVs)was 145.2 million.Investments in Slieve Divena II,Walney and Humber Gatewa
6、y increased the portfolio to 38 operating wind farminvestments and net generating capacity to 1,173MW as at 31 December 2020.Agreement to acquire Kype Muir Extension and South Kyle subsidy free wind farm projects,expected tobecome operational in 2022 and 2023 respectively.Issuance of further shares