Atrato Onsite Energy reaches £150m max for IPO while ORIT hunts more cash

Orit looking for £73.9m

Kathleen Gallagher
clock • 2 min read
Credit: Open Energi
Image:

Credit: Open Energi

Atrato Onsite Energy, a new renewable investment trust focusing on UK commercial rooftop solar has raised £150m in what it called a “significantly oversubscribed” fundraising.

The trust set a maximum of £150m as that was the amount the investment adviser believes can be deployed within 12 months. Juliet Davenport OBE, Chair of the trust said there was "strong support from a wide range of retail and institutional investors". "This demonstrates the alignment of the investment community with our mission to build new renewable energy capacity to help meet the UK's binding net zero emissions target and meaningfully contribute to the green economy," she added.   Gurpreet Gujral, managing director of Atrato Partners Limited, the investment adviser commented: "A...

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