15th Jan 2021 19:02
Triple Point Energy Efficiency Infrastructure Co PLC - closed-ended investment company investing in portfolio of energy efficiency assets in UK - Agrees headline terms for first investment into energy efficient heat distribution assets. Expects to deploy about GBP20 million of IPO proceeds. The firm intends to provide senior debt finance to be secured against the assets, rather than acquiring the associated equity interests.
"The company considers this to be an attractive investment proposition which, on completion, will generate a return within the target range while providing a greater level of security," company says.
It adds: "The current wider pipeline includes many of those prospective investments identified at IPO, and a number of high quality investment opportunities are now progressing towards an advanced stage, including a large energy generation and heat distribution project, a portfolio of social housing energy efficiency retrofit assets, and a portfolio of industrial energy efficiency assets."
Current stock price: 106.40 pence
Year-to-date change: up 0.9%
By Paul McGowan; [email protected]
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