News

23 Nov 2022
221123 seit blocpower

SDCL Energy Efficiency Income Trust makes loan to BlocPower Energy Services

SDCL Energy Efficiency Income Trust (SEIT) has signed an agreement to finance the design, acquisition and installation of energy efficiency solutions across various buildings in the US for BlocPower Energy Services 2 LLC , a wholly owned subsidiary of leading energy efficiency developer BlocPower LLC, through a 10% participation in a US$80m loan facility. BlocPower […]

22 Nov 2022

A reversal of fortune for Baillie Gifford European

Baillie Gifford European’s results for the 12 months ended 30 September 2022 show the impact of the change in sentiment towards growth investing on the company. Over the period, the NAV total return was -40.4% compared to a total return of -15.3% for its benchmark index. The share price total return for the same period […]

22 Nov 2022

Princess Private Equity suspends all new investment activity

Princess Private Equity, which announced that it would not pay its dividend earlier this month, is holding a webinar today to explain what is going on at the company. However, the situation seems worse than first appeared as the company has also suspended all new investment activity. It says “underlying conditions such as the challenging […]

22 Nov 2022

QuotedData’s morning briefing 22 November 2022

In QuotedData’s morning briefing 22 November 2022: Aquila European Renewables (AERI) says that 95% of all 72 turbines at its Norwegian Rock project are now in operation, whilst the remaining turbines are subject to corrective maintenance. A production-based availability warranty will cover any losses if availability is below 97% in the first year of operations […]

18 Nov 2022

QD view – IPOs back on the agenda?

For a sector that has got used to quite substantial amounts of fundraising, 2022 has proved a lot trickier for funds and brokers. Some of the stalwarts of the sector such as the infrastructure and renewable energy funds have ended up on discounts. Pantheon Infrastructure, for example, which had to turn away cash at its […]

17 Nov 2022

45% windfall tax on renewable electricity from 1 January 2023

45% windfall tax on renewable electricity from 1 January 2023 A new electricity generator levy will come into force from 1 January 2023 and run until 31 March 2028. The levy will be a new 45% tax on extraordinary revenues above a pre-crisis price baseline of £75 per MWh made by certain renewable, nuclear and […]

17 Nov 2022

Troy Income and Growth fails to cover meagre dividend

Troy Income and Growth has published results for the 12 months ended 30 September 2022. The trust delivered a NAV total return of -9.9% and share price total return of -10.2%. Both lagged the All-Share Index which produced a total return of -4.0%. The dividend for the year totalled 1.97p, representing a yield of 2.9% […]

17 Nov 2022

Octopus Renewables ups stake in floating wind company

Octopus Renewables Infrastructure Trust has invested an additional €6.25m (about £5.5m) into Simply Blue Holdings Limited, the parent company of the Simply Blue Group, an Irish developer of predominantly floating offshore wind projects. Octopus Renewables first invested in Simply Blue in August 2021 taking about a 12% stake. Following this latest investment, Octopus Renewables’s ownership […]

17 Nov 2022

QuotedData’s morning briefing 17 November 2022

In QuotedData’s morning briefing 17 November 2022: As interest rates continue to climb, NB Global Monthly Income Fund (NBMI) is increasing its dividend once again. The target distribution for the remainder of 2022 is a rate of 8.10% of NAV each year (net of fees and expenses) which equates to a target monthly distribution for […]

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