Utilities News
Electric, gas, and water utilities.
Electric, gas, and water utilities.
Greencoat Renewables (GRP) reported final results for the year to 31 December 2020, with key highlights from the year including the following: 2020 Generation increased by 22% to 1,404GWh, 3 per cent below budget. (2019: 1,154GWh) 2020 Net cash generation increased by 36% to €66.4 million (2019: €48.7million) Dividend cover for 2020 of 1.7x Increased the portfolio […]
Gresham House Energy Storage Fund (GRID) has announced has completed its investment in the 49MW battery-only project known as Red Scar. The Project, which is located on the Red Scar Business Park, by the Longridge Road and the M6 outside Preston, was acquired for a total enterprise value of approximately £32.8m (inclusive of £1.0m of […]
SDCL Energy Efficiency Income Trust (SEIT), the first UK-listed investment company of its kind to invest exclusively in the energy efficiency sector, has agreed to acquire a 50% interest in Primary Energy, a portfolio of recycled energy and cogeneration projects located in Indiana, USA, from a consortium led by Fortistar for an equity cash consideration […]
US Solar Fund plc (USF) has announced that it has closed the acquisition of 100% of the cash equity interests, alongside tax equity financing, in six utility-scale solar power projects. The projects, whose capacity totals 39MWDC, are located in North Carolina. The Company announced the acquisition on 10 December 2019 and has progressed to financial […]
SDCL Energy Efficiency Income (SDCL) has announced a £40m placing at 104p per share. The placing price represents a discount of approximately 5.5% SDCL’s closing price on 17 December 2019 of 110p per share, and a premium of approximately 5.1% to the trust’s NAV per share of 99.0p as at 30 September 2019. The placing was announced after […]
SDCL Energy Efficiency Income targets more capital to fund growth – The board of SDCL Energy Efficiency Income (SEIT) has announced a proposed placing of new ordinary shares under its existing share issuance programme to institutional investors at a price of 103 pence per share. In addition, the company today announced that the unaudited estimated NAV as […]
US Solar reports inaugural interim results – US Solar Fund (USF) has reported inaugural interim results to 30 June 2019, with highlights including: Highlights to 30 June: In April 2019, the company listed on the premium segment of the London Stock Exchange, raising gross proceeds of $200m, primarily from UK institutional investors; 1H19 interim dividend of 0.41 […]
SDCL Energy Efficiency Income in EUR64m Spanish cogeneration deal – SDCL Energy Efficiency Income (SEIT) has struck a deal to acquire a portfolio of cogeneration assets in Spain for around EUR64m. SEIT says that the substantial majority of the portfolio’s revenues are investment grade, with nine operational projects providing in aggregate 125 MW of clean and efficient […]
SDCL Energy Efficiency Income makes $22m loan investment – SDCL Energy Efficiency Income (SDCL) has announced a $22m investment, structured as a portfolio of secured senior and subordinated loans, into a diversified portfolio of contracts. The investment includes a portfolio of loans, leases and subscription agreements relating to energy systems outsourcing and energy efficiency projects located across […]
US Solar Fund has announced it has closed the acquisition and financing of 100% of the cash equity interests in the 128MW Milford Solar Project. Construction is expected to begin immediately with full commercial operations expected before the end of 2020. The Company first announced the acquisition on 23 July 2019, however detailed disclosure was subject […]
In QuotedData’s other news 2 September 2019 – Ecofin Global Utilities and Infrastructure has announced that Stifel Nicolaus Europe Limited has been appointed as its sole Corporate Broker with immediate effect. St Peter Port Capital has announced that it proposes to terminate its discretionary investment management agreement with St Peter Port Investment Management Limited and become a […]
SDCL Energy Efficiency Income reports inaugural results – SDCL Energy Efficiency Income (SEIT) is one of the newer investment trusts having listed in December 2018, raising £100m. It has this morning released its inaugural set of annual results, covering the period to 31 March 2019. The market for energy efficiency is rampant globally, which has […]
Murray International has agreed a new GBP30 million loan facility with the Royal Bank of Scotland International Limited which was drawn in full on 16 May 2019 and fixed for five years at an all-in rate of 2.25%. The new facility has, in part, been used to repay a maturing GBP15 million loan (also with the […]
Riverstone launches European power company – Riverstone Holdings LLC, manager of Riverstone Energy Limited, has announced the formation of Onyx Strategic Investment Management I BV, a newly formed European independent power producer. Onyx will have an initial focus on Germany and the Netherlands, following the signing of an agreement to acquire a fleet of coal- and […]
QuotedData’s other news – 17 April 2019 AVI Japan Opportunity (AJOT) announced this morning that based on a conviction that there is still a significant amount of unlocked value in quality over-capitalised smaller companies in Japan, it is considering raising additional capital through a share issue. AJOT floated in October 2018 and by February this […]
Foresight Solar 2018 results published: Things looking up Foresight Solar has announced its results for the 2018 year, and things are looking up. NAV has increased to £610.3m from £481.3m in the previous year, and NAV per share increased to 111.2p from 107.0p (a 4.9% increase in total return terms). This was essentially due to […]
Greencoat plans fundraise after transformational year – Greencoat Renewables has published its first set of results since listing. Highlights are: Acquisition of ten wind generation assets during 2018, increasing the portfolio to twelve wind farms in total, and increasing net generating capacity from 137MW to 384MW €883.5 million of gross asset value as at 31 […]
TRIG buys Jadraas wind farm in Sweden – The Renewables Infrastructure Group (“TRIG”) has exchanged contracts to acquire a 100% interest in the Jädraås wind farm, an operational onshore wind farm with a capacity of 212.85MW for a consideration of approximately EUR207 million on an unlevered basis. The wind farm is located near Ockelbo, north of Stockholm […]
Greencoat UK Wind raising cash to buy Scottish wind farms – Greencoat UK Wind (UKW) has entered into agreements to acquire 49.9% stakes in the Stronelairg and Dunmaglass wind farms from SSE (in partnership with a major UK pension fund whose investment is also managed by Greencoat Capital). UKW will acquire a net 35.5% stake in […]
QuotedData join the Master Investor Show 2019 main stage line-up – QuotedData is, once again, a key sponsor for the Master Investor Show. Edward Marten, QuotedData’s CEO, shall join the Main Stage line-up on Saturday, 6 April, at London’s Business Design Centre. We’d love to see as many of you as we can at the event. […]
Greencoat UK Wind ushers in era of subsidy free renewable energy – Greencoat UK Wind has entered into an agreement to acquire the Douglas West wind farm from Blue Energy. Completion is expected to take place in Q1 2019, subject to the finalisation of construction, operation and maintenance contracts. Subsidy free Douglas West is located 7 […]
Ecofin Global Utilities and Infrastructure Trust (EGL) has announced its annual results for the year ended 30 September 2018. During the year, EGL provided an NAV total return of 4.8%n and a share price total return of 1.1%. According to EGL, this compares against a 4.9% return for the MSCI World Utilities Index. The superior […]
Ecofin’s manager acquired by Tortoise – Ecofin Global Utilities and Infrastructure Trust says its investment manager, Ecofin Limited, has been bought by Tortoise Investments, LLC. Financial terms of the transaction were not disclosed. Tortoise Investments, based in Kansas City, owns a family of investment management firms which manage approximately US$20 billion including five New York Stock Exchange […]