Clean Energy Talent 🌏’s Post

It was great to talk about illiquid assets, renewable energy assets in particular, and their place in investor portfolios. With what's on the horizon with interest rates, political uncertainty and the impact this has on markets this is a good time to look at these assets. Thanks IMAP - Institute of Managed Account Professionals for the opportunity.

Foresight Solar’s interim results demonstrate the resilience of solar power generation and the direct contribution of our active power price hedging strategy. Despite poor weather across markets, revenue for the first six months of 2024 was only 6.6% below budget. This solid operational performance allowed the fund to continue executing on its capital allocation strategy based on returning capital to shareholders, paying down debt and looking ahead to future growth opportunities. 💷 The Board allocated another £10 million to FSFL’s buyback programme, taking the total to up to £50 million. In the first half of this year, the fund distributed £38.6 million to shareholders between buybacks and dividends. We’re also well on track to pay our full-year target dividend of 8p per share. 📉 We started the second phase of the divestment programme targeting a sale of the 170MW of operational solar and the 122MWp of development-stage BESS in the Australian portfolio. Closing is expected in H1 2025, and proceeds will be used to pay down debt further. Overall gearing should fall by several percentage points in relation to GAV once the projects’ long-term debt is no longer on the fund’s balance sheet. ⌛ Our proprietary development pipeline grew to almost 1GWp after the deal to access 400MWp of development-stage BESS in Spain. Partnerships like the one we unveiled in May require limited upfront investment and provide optionality and upside potential as solar and battery assets go from development to construction to operation. Watch the video with Ross Driver and Toby Virno for more detail. You can also read the full report on our website: https://lnkd.in/eRZR8_bm #InvestmentTrusts #SolarEnergy #InterimResults

According to the Preqin ‘Alternatives in 2024’ report the Australian market is uniquely poised to benefit from the reshaping of private assets, thanks to its booming infrastructure spending led by investment in renewables, and the large backing of Australia’s $3.5 trillion superannuation funds.

REDD Asia has provided unparalleled coverage and in-depth analysis of Continuum Green Energy’s refinancing of one of its USD bonds maturing in 2027. REDD reported exclusively on 17 April that the renewable power producer was exploring refinancing options for an outstanding USD 561m 4.5% bond, and was the first to report on 13 June that Continuum expected to price a new USD bond on 18 June. The company priced a USD 650m bond at 7.5% on that date. REDD’s 18 June Insight column observed that while the new bond would extend Continuum’s maturity profile, it would do little to ease tight liquidity. REDD expanded on this with an in-depth research report, showing that higher interest outflows would erode any benefits from lower principal repayments on the new bond, with cashflow from operations likely being insufficient to service overall debt. Turn to REDD for the latest on everything Asia credit at https://hubs.la/Q02CtkcX0 To learn more about REDD and stay ahead with exclusive news and analysis, request a demo: https://hubs.la/Q02Ctjf_0 #REDDIntelligence #RealExclusives #HighYieldOpportunities #Refinancing

SDCL Energy Efficiency Income Trust (SEEIT) has reported its interim results, with a stable NAV and a slight dividend increase compared to the same period last year, underpinning the trust's progressive dividend policy. Read our results analysis here: https://lnkd.in/eywuTXQe Capital at risk.

Foresight Solar Fund (FSFL) weathers continuation vote despite 24% calling for closure. Almost a quarter of the investors in the Foresight Solar (FSFL) fund have voted for the trust to be discontinued on the back of its “significant” discount to net asset value. Check out Beth Brearley's latest article 👇 https://incm.pub/3KK5Jqo #investing #assetmanagement #wealthmanagement #finance

🔋 Is Your BESS Investment Truly Secure? 🔋 In the world of energy storage, certainty is essential. Whether you're looking to build a strong business case or secure financing from banks, having the right guarantees in place can make all the difference. At Gotion BESS, we understand the critical importance of assurance in BESS projects. That's why we go beyond the basics to offer comprehensive guarantees: 1. Product Guarantees: Confidence in the quality and reliability of our products. 2. Performance Guarantees: Assurance performance of our products. 3. Availability Guarantees: Ensuring the up-time. 4. Cost Coverage for Repairs: Any repair costs due to defects are covered by us. With these guarantees, you can purchase your BESS with maximum certainty, knowing the investment is secure. 📢 We'd love to hear from you! Are there any other guarantees or assurances you would like to see when investing in energy storage systems? Share your thoughts and experiences in the comments below. #EnergyStorage #BESS #Sustainability #RenewableEnergy #BusinessFinance #InvestmentSecurity

Pleased to see that #BBGIGlobalInfrastructure is included in a #Trustnet article headlined: Is now the time to look again at unloved infrastructure and renewables trusts? It adds that “perhaps now is the perfect time to start looking at the sector again. The yield spread over gilts is looking healthier once more, with the median infrastructure trust offering 6.3%.” The article highlights that #BBGI’s “globally diversified portfolio of 100% availability-style social infrastructure assets provide it with highly predictable revenues and strong inflation linkages. It can maintain its dividend for more than a decade without having to make any new investments.” It then concludes that “Falling interest rates should make these trusts attractive again and… perhaps big discounts will end up being well in the rear-view mirror, too.” Please read the article here: https://lnkd.in/eyFv-egW #BBGI #inflation #securereturns #income #infrastructure #infrastructureinvestor #ftse250 #inflationlinkedincome #coreinfrastructure #inflationprotection

#TBT: Between 2009 and 2018, the U.S. Department of the Treasury (with support from the National Renewable Energy Laboratory) ran one of the largest #cleanenergy grants programs in recent memory: Section 1603 under the Recovery Act (ARRA). Section 1603 was intended to restart credit markets after the financial crisis, when tax equity investing dried up. I had the good fortune to oversee the 1603 program team for most of its existence. Section 1603 had pretty broad economic and #energytransition impacts: $26.2 billion in public funds deployed, $68 billion of private capital crowded in, and 109,000+ projects deployed nationally across a variety of technologies from #hydro and #offshorewind, to #residentialsolar, #concentratedsolar, and #biomass. And aside from the numbers, Section 1603 also piloted many concepts which have helped inform everything from how #greenbanks operate down to the mechanics of the #IRA, the Greenhouse Gas Reduction Fund (#GGRF), #DirectPay & #transferability. Unbeknownst to me, while I was at Treasury managing the granting organization, one of the firms on the other side of the table was CohnReznick LLP, which was advising dozens of project developers on pathways to deploy hundreds of millions of dollars of clean energy investment from the program. I never could've imagined that one day, I'd end up working alongside those same folks - and now that I'm here, we have put together a Lessons Learned piece about the 1603 program. This reflects experiences on both sides: from my experiences on the Grants Management Office side that was analyzing the capital stack, approving investments and responding to dozens of GAO, OIG and Congressional inquiries; and from the Project Finance side, where the CohnReznick team was working with developers to leverage the #ITC and #PTC and crowd in capital. We hope these are of value to today's IRA and GGRF participants. https://lnkd.in/e5k2-ETU Frank Banda, CPA, CFE, PMP Anton Cohen Joel Cohn, CPA (he/him) Christopher Livingstone Jenny Brusgul Christopher Griffin, CPA, CGMA Abby Rollins Amanda Rice Gibbs Roman Castillo Jessie Handforth Kome Michael Brewster Leah Halevy #solar #netzero #transition #energy

Article: Assessing #Energy Mutual #Funds: #Performance, #Risks, and Managerial Skills Authors: Davinder Malhotra and Srinivas Nippani. 🔗Link: https://lnkd.in/gBqwCDB9 #MutualFunds #RiskadjustedPerformance #SharpeRatio #COVID19 #CumulativeWealthIndex