There’s growth in green energy. When the SDCL Energy Efficiency Income Trust listed its shares in December 2018, it was worth £100 million. Fast-forward to today and it is worth more than £700 million
By Sam Kerr
12 Feb 2021
London’s investment trusts have been tapping a deep pool of equity capital earmarked for green-linked deals. On Friday, SDCL Energy Efficiency Income Trust (SEEIT), the UK-listed energy efficiency investor, closed a £160m raise, £60m more than its original target and on the same day Greencoat UK Wind, the investment trust focused on UK wind farms, launched a £197.6m follow-on.
Both SEEIT and Greencoat are frequent issuers of new shares demonstrating that green companies can keep coming back to equity markets for capital as long as there is a clear use of proceeds and a strategy to achieve growth.The deals follow-on from a record start to the
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