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Greencoat UK Wind Flags NAV Hit as UK to Scrap Carbon Price Support

Story Highlights
  • Greencoat UK Wind expects lower UK power prices after Carbon Price Support is removed from April 2028.
  • The company estimates the CPS change could cut its net asset value by roughly 3 to 5 pence per share.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

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Greencoat UK Wind ( (GB:UKW) ) has provided an update.

Greencoat UK Wind has responded to the UK Government’s decision to legislate for the removal of Carbon Price Support from April 2028, a tax that currently tops up the UK carbon price and supports power prices when fossil fuel generators set the marginal price. The company’s investment manager had already assumed a decline in CPS impact as renewables expand, but the policy change accelerates this shift in the power price backdrop.

Initial analysis suggests that the removal of CPS could lower electricity prices used in Greencoat UK Wind’s net asset value by about £4–5/MWh from April 2028 into the early 2030s and by £2–3/MWh thereafter. This is expected to reduce the company’s net asset value by approximately 3–5 pence per share, with fuller detail and updated assumptions to be provided in its forthcoming first-quarter factsheet later this month.

The most recent analyst rating on (GB:UKW) stock is a Buy with a £125.00 price target. To see the full list of analyst forecasts on Greencoat UK Wind stock, see the GB:UKW Stock Forecast page.

Spark’s Take on UKW Stock

According to Spark, TipRanks’ AI Analyst, UKW is a Neutral.

The score is held back primarily by weak recent profitability and earnings volatility (including losses and zero free cash flow in 2025). Technicals are also soft with a downtrend versus longer moving averages and negative MACD. The main offset is valuation support from a very high dividend yield, alongside moderate leverage and positive operating cash flow.

To see Spark’s full report on UKW stock, click here.

More about Greencoat UK Wind

Greencoat UK Wind PLC is a London-listed renewable energy investment company focused on acquiring and managing operational UK onshore and offshore wind farms. The company provides investors with exposure to stable, inflation-linked cash flows from wind power generation, positioning itself as a key player in the UK’s transition away from fossil fuel-based electricity.

Average Trading Volume: 5,418,413

Technical Sentiment Signal: Buy

For an in-depth examination of UKW stock, go to TipRanks’ Overview page.

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