The £490.6m Gresham House Energy Storage trust is seeking approval to change its investment policy including to allow it to invest up 30% of GAV, which is the total value of the investments and cash, in international markets.
In annual results issued today (6 April), the company said that changing the policy, which currently allows the managers to invest up to 10% in Ireland, would increase EBITDA and NAV growth over time by "exporting core competencies including scale advantages, business model and operational capabilities to international markets". The company would look to invest in major OECD markets with "similarities to the UK in terms of wholesale market structure, renewables growth and penetration". The report went on to say that certain "attractive" international opportunities may include solar ge...
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