The Company will look to achieve NAV growth by investing in a mix of stable yielding sustainable energy infrastructure investments that are in operation, in construction or “ready-to-build” but will not invest in projects that are under development or are in pre-consent stages.
By targeting a diversified portfolio across different proven technologies, the Company will seek to spread, and therefore reduce, some of the key underlying risks relating to its sustainable energy infrastructure investments.
The Company will invest in a diversified portfolio of global sustainable energy infrastructure assets, predominantly in countries that are members of the EU, OECD, OECD Key Partner Countries or OECD Accession Countries. Therefore reducing exposure to a particular energy market and “change in law” risks related to renewables and broader energy market legislation.
“The global energy infrastructure is huge, built over more than a century. Transforming it from its fossil fuel core requires many things, including behaviour change and efficiency gains...
Bernard Bulkin PhD, OBE
The Company is targeting in respect of its first financial period after Initial Admission, an initial annual dividend on the Ordinary Shares of 1 pence and, thereafter, a target dividend on the Ordinary Shares of 5 pence for each financial year with the intention to progressively grow the target dividend over time. Additionally, once the net proceeds of the Issue have been fully invested, the Company targets a Net Asset Value total return of 10% per annum.
The transition of the energy mix to more sustainable and lower carbon emitting sources