Overview
Atrato Onsite Energy aims to deliver capital growth together with long-term, secure and progressive income for investors with limited exposure to wholesale power prices; contribute to the UK’s net zero transition; and integrate ESG best practice with a focus on adding new renewable energy capacity and onsite clean energy solutions.
The company will seek to achieve its investment objectives by primarily investing in behind-the-meter solar photovoltaic (solar PV) generation systems and associated infrastructure, predominantly located on the roofs of commercial buildings.
These systems will be commercialised through long-term, indexed power purchase agreements with the occupiers of the industrial and commercial properties on which the assets are installed. The generation of green energy directly at the point of use brings economic savings, avoids grid losses, provides traceability of supply, enables the creation of additional renewable energy capacity and reduces greenhouse gas emissions.
Atrato Onsite Energy is targeting an annualised dividend of 5p for the first and second financial years following the IPO and will seek to grow the dividend progressively thereafter. The company will target an annual total return of 8 – 10% in the first financial year following the IPO and over the medium term.
you can access the company’s website here
ROOF : Atrato Onsite Energy
Research History
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23 Feb 2024 1 min read
Interview with Gurpreet Gujral from Atrato Onsite Energy
In this week’s show, Richard Williams spoke to Gurpreet Gujral from Atrato Onsite Energy. If you were looking for the first part of QuotedData’s show, focused on the roundup of the week’s news click here. If there is a guest speaker you’d particularly like to hear from, please email us on [email protected]. Additionally, if you would […]
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17 Oct 2023 14 min read
QuotedData’s Investment Companies Quarterly Review – Third Quarter 2023
Third quarter of 2023 Investment Companies | Quarterly roundup | October 2023 Kindly sponsored by abrdn ‘Uncomfortable’ Following a fast start to the first half of the year, globally equities took a breather in Q3, as markets assessed the implications of the worst bond sell-off in a generation. Yields on 10-year US treasuries and UK […]
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05 Jan 2023 9 min read
QuotedData’s Investment Companies Roundup – January 2023
December 2022 Monthly roundup | Investment companies Winners and losers in December 2022 The Financials sector only has two constituents, one of these – Trian Investors 1 – has seen its discount narrow since it promised to return cash to investors by next June, and it has also benefited from underlying NAV appreciation. Last month’s […]
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07 Dec 2022 64 min read
QuotedData’s Economic and Political Monthly Roundup December 2022
Economic and Political Monthly Roundup Investment companies | Monthly | December 2022 A collation of recent insights on markets and economies taken from the comments made by chairs and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage […]
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8 min read
QuotedData’s Investment Companies Roundup – December 2022
Investment Companies Monthly Roundup Kindly sponsored by abrdn December 2022 Monthly | Investment companies Winners and losers in November 2022 As discussed in this month’s economic and political roundup, lower US inflation triggered a fall in the US dollar and drove equity markets higher over November. The big surprise was the resurgence of Chinese markets […]
News
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27 Dec 2024 5 min read
QuotedData’s review of the year 2024
This is the last of our weekly emails for 2024. We hope that you have been finding them useful. 2024 has been a year of setbacks and shrinkage for the UK investment companies industry, topped by the cynical and self-serving attack on seven trusts by US corporate raider Saba Capital (there will be much more […]
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08 Nov 2024 1 min read
QuotedData’s weekly news show 8th November 2024
Thank you to everyone that listened in today on our YouTube channel. In this week’s show, Matthew Read covered the week’s top stories: JPMorgan Global Core Real Assets (01:57) Weiss Korea Opportunity (05:38) Atrato Onsite Energy (08:59) HH2E administration – HydrogenOne Capital Growth and Foresight Environmental Infrastructure (10:31) Supermarket Income REIT (12:25) This week’s interview was with […]
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1 min read
Atrato Onsite Energy completes sale of portfolio, heads towards liquidation
Following its earlier announcement the board of Atrato Onsite Energy (ROOF) has announced that the sale of the company’s entire portfolio of solar assets to Phoenix UK Bidco Limited, a newly incorporated company which is indirectly owned by a joint venture vehicle of Brookfield and RAIM Apollo, at a Headline Price of £218.7m, completed on […]
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04 Oct 2024 2 min read
QuotedData’s morning briefing 4 October 2024 – ROOF, SBO, TENT, NAS, NAIT
In QuotedData’s morning briefing 4 October 2024: Following Atrato Onsite Energy’s (ROOF’s) announcement yesterday that it has entered into a conditional agreement to sell its entire portfolio of solar assets (click here to see our coverage of that announcement), ROOF has published a circular and notice of general meeting at which it will seek the […]
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03 Oct 2024 2 min read
Atrato Onsite Energy to sell entire portfolio
In a surprise announcement, Atrato Onsite Energy says it has entered into a conditional agreement for the sale of all of its portfolio of solar assets to a joint venture vehicle owned by Brookfield and RAIM Apollo at a headline price of £218.7m. This compares to the portfolio valuation in the NAV of £224.1m. Shareholders will […]
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04 Jun 2024 2 min read
QuotedData’s morning briefing 4 June 2024 – ROOF, CRS, HOME, LMP, SMIF, GABI
In QuotedData’s morning briefing 4 June 2024: Atrato Onsite Energy (ROOF) has bought a solar portfolio for £9.3m, using money from its revolving credit facility. The portfolio includes three solar assets with a total capacity of 13MW and comprises: 7.7MW of solar PV systems situated on residential rooftops owned by three different UK housing associations […]
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13 May 2024 1 min read
QuotedData’s morning briefing 13 May 2024 – ROOF, GRID, JZCP, FSFL
In QuotedData’s morning briefing 13 May 2024: Atrato Onsite Energy (ROOF) has announced that it has made two solar investments, totalling £6.4m. It acquired a portfolio comprising 7.3MW of solar PV systems situated on two commercial sites in the UK which benefit from corporate offtake arrangements with fixed uplifts. Both are located on automotive manufacturing […]
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12 Jan 2024 1 min read
QuotedData’s weekly news update 12th January 2024
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top stories: • Atrato Onsite Energy (0:22) • LXi/LMP merger (9:57) This week’s interview was with Tim Levene from Augmentum – watch it again here.
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11 Jan 2024 2 min read
Atrato Onsite looking for ways to grow, maybe alongside strategic investors
Atrato Onsite Assets reports that for the 12 months ended 30 September 2023, its NAV total return was 4.6%. The NAV per share slipped slightly from 92.8p to 92.0p but the dividend was increased from 3.01p to 5.0p. The dividend target for the current financial year is 5.5p and the board says that the 12-month […]
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25 Oct 2023 2 min read
QuotedData’s morning briefing 25 October 2023 – NBMI, RCOI, ROOF, TMI
In QuotedData’s morning briefing 25 October 2023: NB Monthly Income Fund (NBMI), which is undergoing a managed wind down, has advised that it intends to distribute to shareholders an aggregate amount of approximately £23,537,000 by way of a partial compulsory redemption of shares on 13 November 2023. Pursuant to the compulsory redemption, the company will […]
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13 Sep 2023 1 min read
Atrato Onsite Energy buys 34MW residential rooftop portfolio
Atrato Onsite Energy (ROOF) has entered into a share purchase agreement to acquire a fully operational portfolio of rooftop solar PV assets with a total value of £77.3m. The 34MW portfolio, which is made up of solar PV systems situated on residential rooftops across the UK, benefits from feed-in-tariff (FIT) payments, payable directly to ROOF […]
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2 min read
QuotedData’s morning briefing 13 September 2023 – ROOF, EGL, RSE
In QuotedData’s morning briefing 13 September 2023: Primary Health Properties (PHP) has acquired Ireland’s first Enhanced Community Care (ECC) facility at Ballincollig, near Cork, for €29.64m. The property is fully let to the Health Service Executive on a 25-year lease and benefits from five yearly, compounded annually, Irish CPI indexed rent reviews. The government led […]
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04 Sep 2023 1 min read
QuotedData’s morning briefing 04 September 2023
In QuotedData’s morning briefing 4 September 2023: Atrato Onsite Energy (ROOF) has implemented a revolving credit facility. The trust now has a three-year £30m line of credit available to it from NatWest, financed at 1.3% over SONIA. BBGI Global Infrastructure (BBGI) has announced that its investment in Highway 104 in Nova Scotia, Canada has achieved […]
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12 Jul 2023 1 min read
QuotedData’s morning briefing 12 July 2023
Cordiant Digital Infrastructure Limited (CORD) announced that its portfolio company, České Radiokomunikace has signed a new 15-year contract with an existing customer, the blue-chip mobile operator T-Mobile for the lease of space on CRA’s telecommunications tower portfolio. The new contract replaces and expands the scope of the existing contract with T-Mobile. Under the previous arrangements, […]
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28 Jun 2023 3 min read
QuotedData’s morning briefing 28 June 2023
In QuotedData’s morning briefing 28 June 2023: Atrato Onsite Energy (ROOF) has signed a power purchase agreement (PPA) to sell the electricity generated by Project Skeeby, a 50MW solar PV project in Richmond, North Yorkshire. As announced in April, Skeeby is a recent acquisition and is currently under installation, with an expected energisation date of […]
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13 Jun 2023 1 min read
QuotedData’s morning briefing 13 June 2023
Atrato Onsite Energy (ROOF) announced its interim results for the six month period ended 31 march 2023. The company’s performance was generally positive with a modest improvement in NAV, which was up around 1%, while revenue growth came in 9% ahead of budget. Dividends were flat. Still, shares fell 14% during the period dragging the […]
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25 May 2023 2 min read
QuotedData’s morning briefing 25 May 2023
In QuotedData’s morning briefing 25 May 2023: Gresham House Energy Storage (GRID) raised £50m from its placing and retail offer. Less than its £80m target but not a bad result in the current environment. 32,154,341 shares will be issued at a price of 155.5p. 30,584,387 of these shares will be issued via the placing and […]
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14 Apr 2023 1 min read
QuotedData’s morning briefing 14 April 2023
In QuotedData’s morning briefing 14 April 2023: Atrato Onsite Energy (ROOF)has announced that it has acquired a ready-to-build, ground mounted 50MW solar project in Richmond, North Yorkshire, which will be constructed under a fully wrapped EPC contract. ROOF will invest a total of £38m, over a 12-month period, to acquire and construct the project, which […]
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12 Apr 2023 3 min read
QuotedData’s morning briefing 12 April 2023
Impax Environmental Markets (IEM) announced the appointment of Guy Walker as an independent non-executive director of the company with effect from 17 May 2023. Guy is currently senior independent director at JPMorgan European Growth & Income plc, having joined them in 2021. He was previously managing director UK & European Equities at UBS Asset Management […]
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27 Mar 2023 2 min read
QuotedData morning briefing 27 March 2023
In QuotedData’s morning briefing for 27 March 2023: The Renewables Infrastructure Group (TRIG) has entered into a corporate Power Purchase Agreement with BT Group for Blary Hill onshore wind farm. Pricing has been agreed for the duration of the 10-year PPA on pay-as-produced terms. Located in Scotland, the windfarm has a 35MW capacity, consists of […]
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16 Feb 2023 2 min read
Quoted Data morning briefing 16 February 2023
In QuotedData’s morning briefing 16 February 2023: Atrato Onsite Energy (ROOF) has announced the signing of a new power purchase agreement (PPA) with Tesco for a 370kWp new rooftop solar project on a supermarket site in Thetford, Norwich which will commence in Q2 2023. This will represent the first installation between the company and Supermarket […]
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29 Nov 2022 3 min read
Deployment delays hit Atrato Onsite Energy
Atrato Onsite Energy reports a fall in its NAV from 97.4p to 92.8p over the period from its IPO on 23 November 2021 to 30 September 2022. Of the £150m that it raised, just £49.1m had been deployed by the period end. The board now says that the IPO proceeds may not be fully deployed […]
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22 Nov 2022 2 min read
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 […]
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04 Nov 2022 1 min read
QuotedData’s weekly news show 4th November 2022
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top stories: • Atrato Onsite Energy • CQS Natural Resources Growth and Income • Princess Private Equity This week’s interview was with Jason Baggaley from abrdn Property […]
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01 Nov 2022 2 min read
Atrato Onsite Energy slashes NAV
Atrato Onsite Energy says that its NAV as at 30 September 2022 was £139m or 92.8p per share. The NAV reflects the valuation of the portfolio and incorporates the costs associated with the IPO, ongoing running costs and dividend distributions. Atrato Onsite has invested one-third of its IPO proceeds to date. These assets are performing in […]
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06 Oct 2022 2 min read
QuotedData’s morning briefing 6 October 2022
In QuotedData’s morning briefing 6 October 2022: Pfizer has completed its acquisition of Global Blood Therapeutics. BioPharma Credit (BPCR) had a US$132.5m investment in a senior secured loan to Global Blood Therapeutics which was prepaid upon the closing of the deal. BioPharma Credit received US$175.4m in total, including US$42.9m of accrued interest, paydown, prepayment and […]
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07 Sep 2022 1 min read
Atrato Onsite Energy invests £31m
Atrato Onsite Energy plc (LSE: ROOF), the renewables investment trust focusing on UK commercial onsite energy, has announced two deals that result in it investing more than £31m. They says that these are expected to deliver long dated, contracted cashflows with annual inflation or fixed uplifts in line with targeted returns. Sonne Solar The fund […]
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18 Jul 2022 2 min read
QuotedData’s morning briefing 18 July 2022
In QuotedData’s morning briefing 18 July 2022: Doric Nimrod Air One (DNA) has confirmed it will sell one of its assets, an Airbus A380-861 aircraft, which is currently leased in a 12 year agreement to Dubai airline, Emirates, to the company at its lease end date of 16 December 2022. The sale proceeds to be […]
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06 Jun 2022 2 min read
QuotedData’s morning briefing 6 June 2022
In QuotedData’s morning briefing 6 June 2022: Atrato Onsite Energy (ROOF) has posted its interim results for the period from its launch on 16 September 2021 to 31 March 2022. ROOF raised £150m at IPO in November 2021, and has since avoided 18 tonnes of CO2 equivalent. Installed operation capacity ended the period at 976kW […]
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01 Jun 2022 2 min read
QuotedData’s morning briefing 1 June 2022
In QuotedData’s morning briefing 1 June 2022: Atrato Onsite Energy (ROOF) has invested £6.6m into an operational rooftop solar photovoltaic system for Marks & Spencer. The asset is immediately income producing for the company through the sale of green electricity onsite under a long-term power purchase agreement with M&S. The PV system is installed on […]
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07 Apr 2022 2 min read
QuotedData’s morning briefing 7 April 2022
In QuotedData’s morning briefing 7 April 2022: Augmentum Fintech (AUGM) is getting a boost from a series C financing round for Grover (a Berlin-based consumer tech platform). Grover has raised $330m in equity and debt. Augmentum will write up the value of its stake by £24.1m (more than double – Augmentum first invested in Grover […]
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23 Nov 2021 1 min read
QuotedData’s morning briefing 23 November 2021
In QuotedData’s morning briefing 23 November 2021: Will Wyatt will step down as chief executive of Caledonia Investments (CLDN) in July next year. Will’s successor is Mathew Masters, currently head of Caledonia quoted equity. Mat will join the board as chief executive designate on 1 April 2022. Before joining Caledonia in 2005, Mat worked at […]
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In The Press
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11 Mar 2024 1 min read
Investment trust insider on renewables
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23 Feb 2024 1 min read
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11 Jan 2024 1 min read
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Investment trust insider on renewables
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05 Dec 2022 1 min read
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07 Feb 2022 1 min read
Investment trust insider on renewables, power prices and inflation
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23 Dec 2021 1 min read
Build your portfolio upon infrastructure
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