Overview
Triple Point Energy Transition (formerly Triple Point Energy Efficiency Infrastructure Company : TEEC) invests in a diversified portfolio of energy efficiency assets which have a positive environmental impact and which facilitate the transition to a low carbon economy in accordance with the UK government’s overall environmental targets. The company’s investments will focus on three core sectors: low carbon heat distribution; social housing retrofit and industrial energy efficiency; and distributed generation.
The company is targeting a total return of 7-8% a year with a targeted dividend yield of 5.5% on its IPO price in its first full financial year and will seek to adopt a progressive dividend policy thereafter.
You can access the company’s website here
Research History
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14 Sep 2023 9 min read
QuotedData’s Investment Companies Roundup – September 2023
September 2023 Monthly roundup | Investment companies Kindly sponsored by abrdn Winners and losers in August 2023 Share price total returns for investment companies were generally poor over August, with the best performing sector, Debt – Structured Finance, returning just 2.1%, with only a few sectors managing to eke out a positive total return. Funds […]
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23 Jun 2023 1 min read
Interview with Jonathan Hick from Triple Point Energy Transition
In this week’s show, James Carthew spoke to Jonathan Hick from Triple Point Energy Transition. 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 […]
News
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12 Feb 2025 2 min read
QuotedData’s morning briefing 12 February 2025 – DGN, TENT, BOOT
In QuotedData’s morning briefing 12 February 2025 Asia Dragon (DGN) has announced the results of the elections for its combination with Invesco Asia Trust (IAT): 30.92% of shares opted for the rollover option while 69.08% of shares opted for the cash option, which was limited to 25% of the shares in issue (less shares held […]
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03 Feb 2025 3 min read
QuotedData’s morning briefing 3 February 2025 – EWI, SSIT, CBA, TENT, SCP, SERE, SOHO
In QuotedData’s morning briefing 3 February 2025: Edinburgh Worldwide (EWI) has made an announcement in relation to its upcoming requisitioned general meeting and AGM, both of which are being held on 14 February 2025, in which it urges shareholders to “vote twice to stop Saba”. It says that shareholders can do this by voting against […]
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23 Jan 2025 1 min read
QuotedData’s morning briefing 23 January 2025 – TENT, JARA, SURE, LTI
In QuotedData’s morning briefing 23 January 2025: Triple Point Energy Transition (TENT) has issued a circular, convening a meeting to liquidate the company. The managed wind-down is effectively complete, the company is just waiting on some deferred sale proceeds. There’s cash of £47.6m, which accounts for most of the NAV of 49.3p per share. If […]
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22 Jan 2025 1 min read
Triple Point Energy Transition sells remaining investments
Triple Point Energy Transition (TENT) has sold its remaining investments – specifically, the hydro-electric portfolio, which comprises six hydro-electric subsidiaries, and the remaining LED receivables finance agreements – for £44.1m, meaning that its managed wind down has been substantially completed within a year. The acquirer is Arkaig Bidco Limited, a company owned and managed by […]
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14 Oct 2024 1 min read
QuotedData’s morning briefing 14 October 2024 – TENT, LMP, LABS
In QuotedData’s morning briefing 14 October 2024: Further to its announcement on 4 October 2024 that it had only been partially paid the first instalment of £1m that it was due under a promissory note agreement in relation to loans sold to P3P Partners LLP (click here to see our coverage of this), Triple Point […]
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06 Sep 2024 2 min read
QuotedData’s morning briefing 6 September 2024 – TENT, ONWD, VNH
In QuotedData’s morning briefing 6 September 2024: Triple Point Energy Transition (TENT) has declared a special dividend of 25p per share (£25m in aggregate), which is a distribution that is part of the managed wind-down approved by shareholders on 22 March 2024. TENT says this has been possible because of timely realisations to date. The […]
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24 Jun 2024 2 min read
Triple Point Energy Transition’s first results after approving wind-down
Triple Point Energy Transition (TENT) has released its annual results for the 12 months ending 31 March 2024, following the decision on 22 March 2024 to implement an orderly wind-down of the trust, given it was trading at a persistent discount to NAV and was unable to grow the trust further. Over the 12 months […]
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28 Mar 2024 2 min read
QuotedData’s morning briefing 28 March 2024 – IVPB, IVPG, IVPM, IVPU, RIII, TENT, DGI9, HOME, BHMG, BHMU, ESO, SMIF, SONG
In QuotedData’s morning briefing 28 March 2024: Not enough shareholders of Invesco Select Trust (IVPB / IVPG / IVPM / IVPU) voted on the plan to merge the four asset classes into just the global equity income class. The percentage voting requirement to get the deal approved has been relaxed and the timetable pushed back. […]
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08 Mar 2024 1 min read
QuotedData’s weekly news show 8th March 2024
Thank you to everyone that listened in today, whether you watched the Zoom live or on YouTube. In this week’s show, James Carthew covered the week’s top stories: • Hipgnosis Songs Fund (0:26) • Alliance Trust versus F&C (5:46) • Triple Point Energy Transition (9:59) This week’s interview was with Richard Aston from CC Japan […]
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05 Mar 2024 2 min read
Triple Point Energy Transition publishes wind down proposals
Triple Point Energy Transition has published a circular convening a meeting to approve its managed wind down proposals. Approval will be sought from Shareholders for: the proposed change to the investment objective and investment policy to facilitate the managed wind-down of the company and orderly realisation of its assets; the conditional disposal by TENT Holdings […]
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13 Dec 2023 2 min read
Triple Point Energy Transition to realise assets
Following the release of the company’s interim results, Triple Point Energy Transition (TENT) announced that an orderly realisation of assets, and return of associated realised capital, is the most viable option to maximise shareholder value in the short to medium term. The announcement follows a comprehensive review of the options for the group and its […]
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2 min read
QuotedData’s morning briefing 13 December 2023 – TENT, ORIT, SHRS, AEIP, WKP
In QuotedData’s morning briefing 13 December 2023: Triple Point Energy Transition (TENT) announced its interim results for the six months ended 30 September. The company’s NAV fell 4.3% while shares fell 22% as the discount widened to over 40% at last close. In light of the stubborn discount the company has announced that an orderly […]
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06 Oct 2023 1 min read
QuotedData’s morning briefing 6 October 2023 – TENT, GMP
In QuotedData’s morning briefing 6 October 2023: A recording of Triple Point Energy Transition’s (TENT’s) recent Capital Markets Event held on 28 September 2023 is now available online. Topics include: Overview of TENT; a deep dive on battery energy storage systems (BESS) and hydroelectric portfolios; asset optimisation and value creation levers; organic earnings growth; and […]
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28 Sep 2023 1 min read
Triple Point Energy Transition provides finance for LED lighting
Triple Point Energy Transition has announced the provision of a £2.3m receivables financing facility to Boxed Light Services Limited. Boxed installs efficient Light Emitting Diode (LED) lights and controls at Places for People Homes Limited sites. The facility provides receivables financing across 54 sites, with repayments including a fixed rate of interest being paid to […]
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31 Jul 2023 1 min read
QuotedData’s morning briefing 31 July 2023
In QuotedData’s morning briefing 31 July 2023: RM Infrastructure Income (RMII) says that, since its last update on 10 July 2023, the board has received an additional [merger] proposal under s110 of the Insolvency Act 1986 which is under consideration alongside one other proposal highlighted in the 10 July 2023 announcement, however at this time […]
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19 Jun 2023 2 min read
Another good year for TENT’s renewable portfolio
Triple Point Energy Transition (TENT) has released its annual report for the financial year ending 31 March 2023. Over the 12 month period TENT reported a NAV total return of 9.2%. TENT paid a dividend of 5.5 pence per share, in line with its previous pay out, and was fully covered by its revenues. This […]
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12 Dec 2022 3 min read
QuotedData’s morning briefing 12 December 2022
In QuotedData’s morning briefing 12 December 2022: SME Credit Realisation Fund (SCRF) has announced that it has completed its asset realisation strategy, initiated in 2019 following consultation with shareholders accounting for over two-thirds of the register, through the sale of all of its remaining UK and continental European (Germany and Netherlands) loans to a third-party […]
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08 Nov 2022 2 min read
QuotedData’s morning briefing 8 November 2022
In QuotedData’s morning briefing 8 November 2022: Triple Point Energy Transition (TENT) has made its first energy efficient lighting investment. TENT has provided funding of £1m to a lighting solutions provider, which has installed efficient lighting and controls at a large retail logistics specialist. TENT will receive a contractual income from the logistics specialist over […]
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25 Oct 2022 1 min read
QuotedData’s morning briefing 25 October 2022
In QuotedData’s morning briefing 25 October 2022: VH Global Sustainable Energy Opportunities (GSEO) has completed its purchase of three fully-permitted solar PV sites in Australia. The total cost including construction will be £21.2m and is part of the existing £50m commitment to its Australian solar PV and storage investment programme. Triple Point Energy Transition (TENT) […]
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24 Jun 2022 1 min read
QuotedData’s weekly news show 24th June 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 and Richard Williams covered the week’s top stories: • Triple Point Energy Efficiency • Trian 1 • Urban Logistics This week’s interview was with Pedro Gonzalez de Cosio, manager of […]
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3 min read
Triple Point Energy Efficiency Infrastructure to focus on energy transition
Triple Point Energy Efficiency Infrastructure (TEEC) has announced that its board has initiated a consultation process with a number of key shareholders regarding potential amendments to TEEC’s investment policy and, related to that, a change to the company’s name. Separately, the company has also announced its annual results for the year ended 31 March 2022 […]
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01 Apr 2022 2 min read
Triple Point Energy Efficiency Infrastructure invests in BESS assets
Triple Point Energy Efficiency Infrastructure (TEEC) has announced that it has signed contracts to provide a debt facility to a subsidiary of Virmati Energy Ltd (trading as “Field”), for the purposes of building a portfolio of four geographically diverse Battery Energy Storage System (BESS) assets in the UK. The total facility amounts to £45.6m and […]
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2 min read
QuotedData’s morning briefing 1 April 2022
In QuotedData’s morning briefing 1 April 2022: Syncona (SYNC) has provided an update on investee company Freeline, following the publication of Freeline’s full year 2021 financial results. The update highlights that: Phase 1/2 programs on track in Hemophilia B and Gaucher disease and accelerated in Fabry disease Extended financial runway and streamlined organization support Company […]
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30 Mar 2022 2 min read
QuotedData’s morning briefing 30 March 2022
In QuotedData’s morning briefing 30 March 2022: Taylor Maritime (TMI) has agreed to sell a 2004 built Handysize vessel for $11.6m. The vessel was an IPO seed asset and the sale is expected to complete in Q2 2022, generating an IRR in excess of 200% and MOIC of 1.6x. It is the oldest vessel in […]
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04 Feb 2022 1 min read
QuotedData’s weekly news show 4th February 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, Richard Williams and Andrew McHattie covered the week’s top stories: • Aquila Energy Efficiency • Triple Point Energy Efficiency • GCP Co-Living This week’s interview was with Sebastian Lyon of […]
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01 Feb 2022 2 min read
Triple Point Energy Efficiency buying battery portfolio
Triple Point Energy Efficiency buying battery portfolio – Triple Point Energy Efficiency says that its investment manager has secured, under exclusivity, a near-term pipeline of £108m of grid-scale battery energy storage systems assets. If the deal progresses to plan, the portfolio will be substantially deployed. To fund the short-term pipeline and to allow greater financial […]
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13 Dec 2021 2 min read
QuotedData’s morning briefing 13 December 2021
In QuotedData’s morning briefing 13 December 2021: Triple Point Energy Efficiency Infrastructure (TEEC) has acquired three operational, Feed in Tariff accredited hydroelectric power projects in Scotland for an aggregate consideration of £19.6m (excluding costs). They have a total installed capacity of 2.5MW, and all have five years or more of operational performance history. This investment […]
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03 Dec 2021 1 min read
QuotedData’s weekly news show 3rd December 2021
QuotedData’s weekly news show 3rd December 2021 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 and Andrew McHattie covered the week’s top stories: Aberdeen Standard Asia Focus TriplePoint EnergyEfficiency This week’s interview was with Rob Crayfourd from CQS […]
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02 Dec 2021 3 min read
QuotedData’s morning briefing 2 December 2021
In QuotedData’s morning briefing 2 December 2021: ICG Enterprise Trust (ICGT) is investing in European Camping Group alongside funds advised by PAI Partners. The investment is being led by PAI Europe VII. ICGT will invest as a limited partner in that fund and also through a direct co-investment. Altogether, ICGT’s investment will be about €11.2m. European Camping […]
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29 Nov 2021 2 min read
Triple Point Energy Efficiency Infrastructure acquires Scottish hydroelectric portfolio
Triple Point Energy Efficiency Infrastructure acquires Scottish hydroelectric portfolio – Triple Point Energy Efficiency Infrastructure (TEEC) has acquired a portfolio of operational, ‘run of the river’ hydroelectric power projects in Scotland for an aggregate consideration of £26.6m (excluding costs). This investment was identified in the IPO prospectus and formed part of the original pipeline. This […]
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29 Sep 2021 2 min read
QuotedData’s morning briefing 29 September 2021
In QuotedData’s morning briefing 29 September 2021: Digital 9 Infrastructure (DGI9) has decided to increase the amount raised for its placing from £200m to £275m due to a significant oversubscription. A number of directors and members of the investment management team of DGI9 were among the biggest subscribers. 255,813,953 new ordinary shares will be issued […]
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03 Jun 2021 1 min read
Triple Point Energy Efficiency publishes first results
Triple Point Energy Efficiency publishes first results – these cover the period from launch on 19 October 2020 to 31 March 2021. The company launched with £100m, adjusting this for the launch costs, it started life with £98m of net assets or 98p per share. At the end of March, that had fallen slightly to […]
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01 Jun 2021 2 min read
Triple Point Energy Infrastructure buys CHP+ company Spark Steam
Triple Point Energy Infrastructure buys CHP+ company Spark Steam – Triple Point Energy Efficiency Infrastructure has completed an investment in Spark Steam, a company which owns and operates a combined heat and power (CHP+) asset and which was part of TEEC’s pipeline identified at IPO. Under the terms of the investment, Triple Point Group has […]
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22 Mar 2021 1 min read
Glasshouse loan deal frees up cash for KKV
Glasshouse loan deal frees up cash for KKV – Triple Point Energy Efficiency Infrastructure (TEEC) has refinanced a loan in KKV Secured Loan’s portfolio. It turns out that one of this deal was one of the target CHP+ assets that Triple Point had identified at IPO. These are held by Harvest Generation Services and Glasshouse Generation. Under the terms […]
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15 Jan 2021 2 min read
Pipeline update and personnel change for Triple Point Energy Efficiency Infrastructure
Triple Point Energy Efficiency Infrastructure (TEEC) has provided an update on its pipeline as well as personnel changes that are taking place at its investment manager. Pipeline update TEEC says that headline terms for its first investment into energy efficient heat distribution assets, represented by the target CHP+ portfolio identified at IPO, are now agreed […]
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20 Nov 2020 3 min read
QD view – Looking after the environment
Over the next few weeks, QuotedData is hosting a series of webinars focused on ESG – environmental, social and governance – aspects of investing that are increasingly important to investors. The first of these, on 24 November, will look at the ‘E’ in ESG. The main thrust of the debate around tackling the environmental issues […]
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16 Oct 2020 1 min read
QuotedData’s weekly news show 16 October 2020
QuotedData’s weekly news show 16 October 2020 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: Fundraising in the sector including success for Triple Point Energy Efficiency Infrastructure and high hopes for Round Hill […]
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14 Oct 2020 1 min read
QuotedData’s morning briefing 14 October 2020
In QuotedData’s morning briefing 14 October 2020 – Gresham House Energy Storage (GRID) announced that it has raised approximately £15.0m through the issuance of a mixture of short-term and medium-term secured power bonds. The majority of the proceeds will be used to acquire an operating asset which is in the final stages of due diligence with an agreement […]
Upcoming Events
Videos
In The Press
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18 Dec 2023 1 min read
Investment trust insider on 2023
Investment trust insider on 2023 – James Carthew: Dramatic 2023 leaves sector radically different The rationalisation of the sector continues. There has been a flurry of announcements over the past couple of weeks: Abrdn Diversified Income and Growth (ADIG) announced a managed wind down; Triple Point Energy Transition (TENT) declared it will begin an orderly […]
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10 May 2023 1 min read
Investment trust insider on Triple Point Energy Transition
Investment trust insider on Triple Point Energy Transition – James Carthew: Small TENT’s big discount, high yield looks unfair Last week I talked to the management team of Triple Point Energy Transition (TENT). The investment trust is less than three years old, but investors seem to have lost patience with progress and the shares trade […]
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05 Dec 2022 1 min read
Clearer picture, calmer nerves for renewables?
James Carthew of QuotedData for Investment Week, 5 December 2022: Shifting sentiment has led to a widening of discounts to net asset value across many parts of the investment companies’ industry. One of the more unexpected deratings has occurred within the renewable energy infrastructure sector, despite two thirds of these funds generating double-digit NAV returns […]
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12 Jul 2022 1 min read
The best renewable energy infrastructure trusts
By Cherry Reynard, Investors’ Chronicle, July 6, 2022: Amid febrile stock markets, renewable energy infrastructure trusts should be a rare sweet spot. They offer inflation protection at a time of double-digit price rises, high dividends when income is scarce and access to renewables as policymakers strive to decarbonise. They are also exposed to rising power […]
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17 Jan 2022 1 min read
Investment trust insider on energy efficiency
Investment trust insider on energy efficiency – James Carthew: The mixed fortunes of energy efficiency Many strands must come together if we are to achieve our goal of cutting carbon emissions to net zero. The renewable energy infrastructure sector is central to this, but we need to do more than shift to renewable energy generation. […]
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25 Oct 2021 1 min read
Backing the winners in Boris Johnson’s £1trillion green gamble
Turn net zero into net profit! By ROSIE MURRAY-WEST, FINANCIAL MAIL ON SUNDAY 23 October 2021 As we prepare for a winter of sky-high energy prices, the question of how to heat our homes is understandably on many of our minds. It is a major issue for the Government, too. The country’s housing stock is old […]
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07 Jun 2021 1 min read
Investment trust insider on energy efficiency
Investment trust insider on energy efficiency – James Carthew: Aquila launch shows energy efficiency income building up steam Last week saw the fifth successful investment company flotation of 2021 with the launch of Aquila Energy Efficiency Trust (AEET). The £100m the initial public offer (IPO) raised was less than its £150m target, but matched the money […]
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01 Feb 2021 1 min read
Ship shape and ready to float?
Ship shape and ready to float? IPO market picks up but headwinds remain for small launches Larger vehicles in better stead David Brenchley, Investment Week, 26 January 2021 The 21 months to end-September had been quiet for new issuance from investment companies, with 2019 the lowest annual total (£1.4bn) raised through IPOs since 2016, and […]
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03 Nov 2020 1 min read
Investment trust IPOs: time to buy?
The Big Theme Investment trust IPOs: time to buy? By Dave Baxter, Investors Chronicle With equity markets riding high, investment trust launches are finally making an appearance this year. Home REIT (HOME), a trust that invests in accommodation for the homeless, raised £240m in October and Triple Point Energy Infrastructure Company (TEEC) amassed £100m. Other trusts that have announced plans to float include Round Hill […]
