Gore Street Energy Storage Fund (GSF) announced the acquisition of two additional UK energy storage projects with a combined installed capacity of 19 MW. This is Gore street’s first investment following the acquisition of the two seed assets in June 2018 and the IPO of the fund on 25 May 2018. While projected revenues are lower than expected reductions in project costs have kept pace and consequently the projects should deliver IRRs in line with those targets set out in the prospectus (
20 Sep 2018
Acquisition of two substantial assets
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Acquisition of two substantial assets
Gore Street Energy Storage Fund PLC (GSF:LON) | 62.5 -1 (-2.5%) | Mkt Cap: 315.7m
- Published:
20 Sep 2018 -
Author:
Saumya Banerjee -
Pages:
3
Gore Street Energy Storage Fund (GSF) announced the acquisition of two additional UK energy storage projects with a combined installed capacity of 19 MW. This is Gore street’s first investment following the acquisition of the two seed assets in June 2018 and the IPO of the fund on 25 May 2018. While projected revenues are lower than expected reductions in project costs have kept pace and consequently the projects should deliver IRRs in line with those targets set out in the prospectus (