Archive for the ‘Industrial’ Category

Investing.com: UK Market Update

Posted on: October 1st, 2021 by Keith Driver

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Marketwatch: Seeit Buys Remaining 35% Stake in Portfolio of Indiana Energy Projects for $92 Mln — Deal Digest

Posted on: October 1st, 2021 by Keith Driver

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Stock Market Wire: SDCL Energy Efficiency Income Trust acquires remaining stake in Primary Energy

Posted on: October 1st, 2021 by Keith Driver

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Privateequitywire: SEEIT makes additional USD92m investment in Primary Energy to acquire business

Posted on: October 1st, 2021 by Keith Driver

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Quoted Data QuotedData’s morning briefing 1 October 2021

Posted on: October 1st, 2021 by Keith Driver

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Dow Jones Newswires (syndicated in Market Watch) SEEIT Buys Remaining 35% Stake in Portfolio of Indiana Energy Projects for $92 Mln — Deal Digest

Posted on: October 1st, 2021 by Keith Driver

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Citywire: FTSE Soars 3.1% on First Trading Day of 2021

Posted on: January 4th, 2021 by Jessica Fontecha-Morgan

SDCL Energy Efficiency Income (SEEIT) traded up 0.7%, or 0.8p, at 107p after buying an additional 15% stake in Primary Energy, a portfolio of recycled energy projects in the US.

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Clean Energy Pipeline: SEEIT Bolsters Investment in Primary Energy

Posted on: January 4th, 2021 by Jessica Fontecha-Morgan

SDCL Energy Efficiency Income Trust plc (SEEIT), managed Sustainable Development Capital LLP, has acquired an extra 15% stake in Primary Energy, which owns a portfolio of recycled energy and cogeneration projects located in Indiana, USA.

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Jefferies: First View: Primary Energy Follow-on

Posted on: January 4th, 2021 by Jessica Fontecha-Morgan

Detail: SEIT has acquired an additional 15% interest in Primary Energy, a 298MW portfolio of recycled energy and cogeneration projects at steel mills located in Indiana, for a cash consideration of $36m. This takes SEIT’s total interest in the portfolio to 65% and under the agreed terms it could be further increased.

Conclusions: The follow-on implies a valuation of $240m for the portfolio, against $220m at the time of the original acquisition in February last year. However, a 10-year extension of the offtake agreement at the Ironside plant has been agreed in the interim. On the financing side, the acquisition has been funded from October’s placing proceeds, noting that the $150m Onyx solar and storage project acquisition (announced on 24/12/20) has yet to complete.