In QuotedData’s morning briefing 24 November 2022: Foresight Solar Fund (FSFL) says that the net impact of the new electricity generator levy on its NAV is to reduce it by 0.8p. As other funds did, it applied discounts to the blended power forecasts as at 30 September 2022. To reflect the uncertainty surrounding the likely […]
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 […]
Bluefield Solar Income Funds says that its NAV as at 30 September 2022 was £884.0m or 144.6p per share, up from 140.4p as at 30 June 2022. This equates to an NAV total return for the quarter of 3.0% and gearing (based on the gross asset value) of 34%. The major factors behind this change […]
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 […]
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 […]
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 […]
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 […]
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 […]
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% […]
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 […]
