Downing raises £122.5m for renewables trust

Main assets based in UK, Ireland and northern Europe

David Brenchley
Downing is the first renewables trust of 2020 to get off the ground

Downing is the first renewables trust of 2020 to get off the ground

Downing has raised £122.5m for the initial public offering of its renewables infrastructure investment trust.

The manager said it would apply for shares of the Downing Renewables & Infrastructure Trust (DORE) to be admitted to trading on the main market of the London Stock Exchange. The company aims to provide shareholders with sustainable income streams alongside "an element of capital growth". It will invest in a portfolio of renewable energy and infrastructure assets diversified by technology, geography, project stage and revenue type, it said. Its underlying assets will be based in the UK, Ireland and northern Europe. Renewable trusts: Solving your ESG concerns while offering access to...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week