Ecofin to target 5% yield with $250m US renewables infrastructure trust launch

Ecofin US Renewables Infrastructure Trust

David Brenchley
Ecofin's seed portfolio will consist of four solar investments

Ecofin's seed portfolio will consist of four solar investments

Ecofin Group is looking to raise $250m for an investment trust investing in US renewables infrastructure assets.

Ecofin US Renewables Infrastructure Trust (RNEW) will target a net total return of between 7% and 7.5% per annum. It will initially provide an annual dividend yield of between 2% and 3% for its first full-year, rising thereafter to between 5.25% and 5.75%. The company will pay a quarterly dividend, with its first interim expected to be declared in July 2021 and paid in August. It will invest in a diversified portfolio of mixed US renewable energy assets benefiting from supportive government incentives and the availability of fixed longer-term revenue contracts. Downing to launch...

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