Downing raises £122.5m for renewables trust

Main assets based in UK, Ireland and northern Europe

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

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