The ThomasLloyd Energy Impact trust has pulled its investment in one of its construction-ready assets, which could lead to a "significant write-down" and a potential hit to its net asset value, according to Numis Research Solutions.
In April, the trust's shares were suspended due to "material uncertainty" over the valuation of a 200 MW construction-ready asset from SolarArise, a Delhi-based renewable energy platform owned by ThomasLloyd, leading to a delay in the publication of its 2022 accounts. In a stock exchange notice this morning (6 June), the trust board said that on the basis of a significant reduction in equity returns and increased risk profile of the asset, it would be "inappropriate" for the company to proceed with the investment in the project. ThomasLloyd Energy Impact shares temporarily suspended ...
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