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Oil and Gas Industry News

Greencoat UK Wind half-year results and key market insights [Video]

Greencoat UK Wind PLC (LSE:UKW)’s Stephen Lilley and Matt Ridley spoke with Proactive’s Stephen Gunnion about the company’s half-year results and market developments.Lilley highlighted the production of 2.7 gigawatt-hours despite some wind availability issues, generating £165 million in cash, and maintaining robust dividend coverage. He also mentioned the dividend increase by 40.2% and an additional £29 million paid out, bringing last year’s total dividend to £0.10 per share.Ridley discussed the relevance of Greencoat UK Wind in the market, noting its position as the fifth-largest wind asset owner in the UK behind the utilities. He emphasised the positive policy commitments from the new UK government towards accelerating net zero goals, including the lift of the de facto ban on onshore wind farms. Ridley sees significant market growth potential, estimating the market could grow to £275 billion in the next few years, presenting substantial opportunities for the company.Lilley further explained Greencoat UK Wind’s capital allocation strategy, focusing on increasing dividends, buying back shares, and strategic disposals to optimise returns. He stressed the importance of maintaining a stable dividend and cash return to shareholders, even in a challenging market environment.Stay tuned to Proactive’s YouTube channel for more insightful interviews and updates. Don’t forget to like this video, subscribe to our channel, and enable notifications for future content.#GreencoatUKWind #RenewableEnergy #WindPower #NetZero #EnergyMarket #Dividends #SustainableInvesting #UKWindEnergy #ProactiveInterviews #GreenInvesting #HalfYearResults#ProactiveInvestor s #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

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Oil and Gas Industry News

Digitalization transforms traditional steel mill in China [Video]

The Jiangyin Xingcheng Special Steel Works factory, in China’s Jiangsu Province, is the world’s first special steel “lighthouse factory,” representing the factories that are shortlisted by the World Economic Forum for their top intelligent manufacturing capabilities. With the help of intelligent management, this steel mill has made many achievements in saving energy and improving efficiency.

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Oil and Gas Industry News

Healthy And Protein-Rich Diets For HIV Patients To Boost Energy [Video]

Eating well-balanced meals on a regular basis can also help manage common side effects of HIV drugs, such as nausea and loss of appetite. Also, it’s critical to maintain adequate calorie intake and hydration to avoid unintentional weight loss and ensure the body gets the energy it needs to perform at its best.

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Oil and Gas Industry News

Billion-dollar Mitsubishi chemical plant economically questionable, energy group says [Video]

A $1.3 billion chemical production facility to be built in Louisiana by Japanese conglomerate Mitsubishi is economically questionable and unnecessarily increases greenhouse gas emissions, according to an energy think tank report released Monday.