LEI: 213800ZPBBK8H51RX165
27 February 2025
This announcement contains inside
information.
Greencoat UK Wind
PLC
Investment management team
succession
Greencoat UK Wind PLC (the "Company"
or "UKW"), the leading listed renewable infrastructure fund,
invested in UK wind farms, announces that Stephen Lilley has
informed the UKW board of his intention to step down from his role
as co-head of the Schroders Greencoat LLP ("Schroders Greencoat")
investment management team managing UKW on 24 April 2025
following the Company's AGM.
The Board is pleased to announce
that Steve Packwood, Partner, Schroders Greencoat, will join Matt
Ridley as co-head of the investment management team to manage UKW
alongside Matt Ridley from 24th April 2025.
Steve joined Schroders Greencoat in
January 2025. He has 20 years' renewable energy experience,
spanning the development, construction and operational phases
across a range of technologies. Prior to joining Schroders
Greencoat, he was Regional Director of Projects at BayWa r.e. where
he was responsible for the development and construction of wind,
solar, and storage projects in several European markets, including
the UK. Prior to this, Steve worked for Cubico Sustainable
Investments ("Cubico") where he led the Northern Europe team and
was responsible for all activities from M&A to asset
management. Before Cubico, Steve worked for over a decade at RES in
a variety of commercial roles gaining extensive experience across
the full lifecycle of renewable energy projects. Steve holds a BSc
in Geology from Bristol University, a MSc in Renewable Energy
Systems Technology from Loughborough, and is a CIMA qualified
chartered accountant.
Lucinda Riches, Chairman of Greencoat UK Wind,
said:
"On behalf of the Board, I want to
take this opportunity to thank Stephen for his vision, judgement
and unwavering commitment to list, manage and grow Greencoat UK
Wind over the last 12 years. Alongside Laurence Fumagalli and, more
recently, Matt Ridley, he created the first renewable
infrastructure fund and has grown it into one of UK's largest wind
farm owners whilst delivering strong returns for shareholders,
including £1.2bn of dividends and over £900m reinvested in the
portfolio. Stephen leaves the Company well placed to capitalise on
its leading position.
"We are delighted to appoint Steve
Packwood, bringing a wealth of experience and expertise in the
renewable energy industry which will be invaluable for Greencoat UK
Wind. As a Board we look forward to working with Steve and Matt to
continue driving the business forward and delivering for our
stakeholders."
For further information, please
contact:
Greencoat UK Wind PLC 020 7832 9425
Stephen Lilley
Matt Ridley
Headland Consultancy 020
3805 4822
Stephen Malthouse
Rob Walker
Charlie Twigg
ukwind@headlandconsultancy.com
