5th Feb 2020 17:05
(Alliance News) - Gore Street Energy Storage Fund PLC on Wednesday said it has raised a total of GBP3.5 million through the placing of 3.6 million shares at 95.5 pence each.
The stock closed 2.9% up at 99.00p each on Wednesday in London.
The company, which invests in the renewable energy sector, said that the proceeds from the placing will be used to fund investment into energy storage projects both in the UK and abroad.
"We are delighted to have had inbound interest from significant institutions with strong ESG mandates. We remain fully focused on being a critical part of the transition to a low carbon economy and these shareholders will help us achieve this more rapidly," said Gore Street Capital Chief Executive Alex O'Cinneide.
Gore Street Capital acts as investment manager to Gore Street Energy.
By Ife Taiwo; [email protected]
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