SDCL Energy Efficiency Income Trust PLC – invests in energy efficiency, solar, and electric vehicle charging infrastructure projects – Plans to raise GBP100 million from placing of 94.3 million new shares at 106.00 pence each, a 3.9% premium to its net asset value on September 30 last year of 102.00p. Cash would be used on several “organic” opportunities for further investment within the existing portfolio, as well as for new investments in commercial and industrial solar projects in the US and in EV charging projects in the UK.

Chair Tony Roper notes SDCL Energy Efficiency has grown its portfolio to about GBP600 million across 34 projects since the trust’s London float in December 2018, providing a 17% total return to shareholders. Company adds there have been no operational issues in its portfolio since its interim update.

Current stock price: 107.10p for GBP563.5 million market capitalisation

Year-to-date change: up 0.6%

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