18 May 2021
Sunny outlook
Ecofin US Renewables Infrastructure Trust (RNEW) is just a few months old, but has already deployed well over half of its IPO proceeds and declared its maiden dividend two months ahead of target, putting it well on the way to achieving its 7.0-7.5% total return and 5.25%-5.75% yield target (based on the $1 IPO price). RNEW’s US focus comes with much longer-term power purchase agreements than are typically available in the UK. This much reduces RNEW’s sensitivity to spot power prices relative to ....
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Sunny outlook
Ecofin U.S. Renewables Infrastructure Trust Plc (RNEW:LON) | 52.0 0 0.0% | Mkt Cap: 71.8m
- Published:
18 May 2021 -
Author:
James Carthew | Matthew Read | Jayna Rana - Pages:
Ecofin US Renewables Infrastructure Trust (RNEW) is just a few months old, but has already deployed well over half of its IPO proceeds and declared its maiden dividend two months ahead of target, putting it well on the way to achieving its 7.0-7.5% total return and 5.25%-5.75% yield target (based on the $1 IPO price). RNEW’s US focus comes with much longer-term power purchase agreements than are typically available in the UK. This much reduces RNEW’s sensitivity to spot power prices relative to ....