18th Dec 2020 14:26
Gore Street Energy Storage Fund PLC - London-based investor in utility-scale energy storage projects - Reports net asset value per share of 0.97p at September 30, up from 0.95p at March 31 and net assets of GBP75.0 million at September 30, an 50% increase from GBP50.0 million at March 31. Says increases are due to substantial portfolio growth during the period and successfully fundraising GBP23.7 million. Declares 2.0p per share interim dividend and remains committed to delivering an annual dividend in line with a target of 7% of NAV, or a minimum of 7.0p per share.
Enters commercial management agreement with Gore Street Technical Management Ltd, a subsidiary of Gore Street Capital Ltd, to provide additional management services for its growing portfolio of battery storage assets. Says services will offer oversight and cost transparency required for the portfolio.
Current stock price: 103.99 pence
Year-to-date change: up 7.8%
By Zoe Wickens; [email protected]
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