Aquila Energy Efficiency Trust seeks to generate attractive returns for its shareholders, principally in the form of income distributions by investing in a diversified portfolio of energy efficiency investments. These investments seek to reduce primary energy consumption, reduce CO2 emissions and in many cases deliver economic savings and other benefits to the counterparties including improved air quality. The company will not invest in fossil fuel extraction or mineral extraction projects.
Aquila Energy Efficiency Trust is targeting a dividend of a minimum of 3.5p per share in relation to the financial year ending 31 December 2022; and a minimum of 5p per share for 2023, with the aim of increasing this dividend progressively over the medium term. The targeting is to generate a total shareholder return of 7.5% to 9.5% a year (net of fees and expenses) over the medium term.
Aquila Energy Efficiency Trust may invest in energy efficient lighting, smart building and metering services, cogeneration plants, heating, ventilation and air conditioning (HVAC) systems, efficient boilers, solar photo voltaic plants batteries, other energy storage solutions, electric vehicles and associated charging infrastructure. In addition, it may also invest into majority or minority interests in other companies with a strategy that aligns with the investment objective, such as developers, operators or managers of energy efficiency investments.