22 Mar 2021
Acquisition of UK solar assets
The completion of the acquisition of the UK Solar seed assets is a key milestone for Downing Renewables & Infrastructure Trust (DORE). As a result of this acquisition, and the prior acquisition of Hydro assets in Sweden, the fund has deployed c83% of the equity raised at IPO in December 2020. The combined acquisition underpins its dividend. Trading on a discount of 3% versus a sector average premium of c9%, DORE is undervalued relative to its peers. We attribute the valuation differential to the ....
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Acquisition of UK solar assets
Downing Renewables & Infrastructure Trust Plc (DORE:LON) | 75.7 0 0.0% | Mkt Cap: 134.2m
- Published:
22 Mar 2021 -
Author:
Paul Glover -
Pages:
3
The completion of the acquisition of the UK Solar seed assets is a key milestone for Downing Renewables & Infrastructure Trust (DORE). As a result of this acquisition, and the prior acquisition of Hydro assets in Sweden, the fund has deployed c83% of the equity raised at IPO in December 2020. The combined acquisition underpins its dividend. Trading on a discount of 3% versus a sector average premium of c9%, DORE is undervalued relative to its peers. We attribute the valuation differential to the ....