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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ecofin U.s. Renewables Infrastructure Trust Plc | LSE:RNEP | London | Ordinary Share | GB00BLPK4430 | ORD USD0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 41.00 | 39.00 | 43.00 | 42.50 | 41.00 | 41.00 | 2,800 | 08:00:06 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Trust,ex Ed,religious,charty | 3.51M | 1.18M | 0.0086 | 60.47 | 71.8M |
TIDMRNEW
RNS Number : 2116K
Ecofin US Renewables Infrastr.Trust
31 December 2020
31 December 2020
ECOFIN U.S. RENEWABLES INFRASTRUCTURE TRUST PLC
ACQUISITION OF SEED ASSETS
Ecofin U.S. Renewables Infrastructure Trust PLC ("RNEW" or the "Company") is pleased to announce that it has now completed the acquisition of three of the four seed investments described in its prospectus dated 11 November 2020.
The third seed investment, acquired for an aggregate consideration of $21.1m, includes a 100% ownership interest in a 11.3 MW commercial rooftop and ground-mount solar portfolio consisting of 52 operating assets in Massachusetts and 1 operating asset in Connecticut ("Seed Investment 3"), which have 100% of their revenues contracted with a weighted average remaining term of approximately 16 years.
Commenting on today's announcement, Jerry Polacek, Managing Director and Group Lead of Private Clean Energy & Infrastructure at Ecofin, said:
"With this portfolio of contracted operating solar assets closed, RNEW has acquired three of the four seed investments totalling approximately 60% of the seed portfolio within two weeks of its initial listing. Ecofin remains focused on completing the acquisition of the remaining seed investment ("Seed Investment 1") in early 2021 and on continuing to fulfill RNEW's investment strategy."
All definitions in this announcement refer to the Prospectus dated 11 November 2020.
For further information, please contact: Ecofin Advisors, LLC (Investment Manager) Jerry Polacek Matthew Ordway Prashanth Prakash +1 913 981 1020 Stifel (Corporate Broker) Mark Bloomfield Nick Donovan Maarten Freeriks +44 20 7 710 7600 Further information on the Company can be found on its website at https://ecofininvest.com/rnew. The Company's LEI is 2138004JUQUL9VKQWD21.
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December 31, 2020 02:00 ET (07:00 GMT)
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