Scottish wind farms paying £1 billion to foreign shareholders

Scotland’s wind industry is booming. China and Wall Street are cashing in

An investment vehicle managed by JP Morgan and state-backed firms from France, Norway and China own Scottish wind farms which have paid tens of millions in dividends this decade.

Scottish wind farms paying £1 billion to foreign shareholders

CHINA’S government and an investment vehicle based in the Cayman Islands are among a group of foreign owners whose Scottish wind farms have paid out more than £1 billion to shareholders in recent years ...

Octopus Renewables' valuation falls as onshore wind forecasts cut by 10%

Octopus Renewables Infrastructure’s (ORIT) net asset value (NAV) fell 5.8% in the second quarter after the £329m investment trust cut its long-term forecasts for onshore wind generation by 10%. Fund managers David Bird and Chris Gaydon said a review of the maturing onshore wind farms that account for 57% of ORIT’s seven-year-old portfolio had replaced independent pre-construction forecasts with actual operating performance.  “While this resulted…