Ecofin US Renewables Infrastructure trust sells solar asset portfolio for $37.1m

Net proceeds expected at $33.5m

Sorin Dojan
clock • 1 min read

Ecofin US Renewables Infrastructure trust has completed the sale of its solar asset portfolio, according to a stock exchange notice today (11 March).

The transaction, completed on 10 March, marks the first sale to be signed and completed as part of the trust's managed wind-down. One third of investment trusts made double-digit returns in 2024 amid troublesome year for sector The net closing payment, made to Ecofin's indirectly wholly-owned subsidiary, RNEW Capital, stood at approximately $37.1m. However, according to the notice, the net proceeds of the disposal, which excludes estimated tax liabilities plus other costs, will bring that figure down to $33.5m. "Of that, an amount of $400,000 is to be held in escrow for a short ...

To continue reading this article...

Join Investment Week for free

  • 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
member?

Login

More on Investment Trusts

Eleven investment trusts liquidated in first half of 2025

Eleven investment trusts liquidated in first half of 2025

Almost double 2024's total

Sorin Dojan
clock 07 July 2025 • 2 min read
Scottish Mortgage keeping activists at bay with ongoing share buybacks

Scottish Mortgage keeping activists at bay with ongoing share buybacks

£2bn spent on scheme so far

Eve Maddock-Jones
clock 04 July 2025 • 3 min read
IBT's Ailsa Craig and Marek Poszepczynski: Biotech innovation will overcome policy noise

IBT's Ailsa Craig and Marek Poszepczynski: Biotech innovation will overcome policy noise

Sector not primary target of US reforms

Ailsa Craig and Marek Poszepczynski
clock 04 July 2025 • 4 min read
Trustpilot