SDCL Energy Efficiency Income Trust (SEEIT)’s Post

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.

AIB has raised €650 million from its latest green bond issuance as part of plans to finance projects with ‘clear environmental and climate action benefits’. AIB announced this week that it raised €650 million of Tier 2 sub-ordinated bank capital, which the bank said marked its second green capital issuance and its sixth green bond in total. “Sustainability is at the heart of our Group strategy as we seek to protect our people, our prosperity and our planet from the devastating impact of climate change by reducing our own carbon footprint and supporting our 3.3 million customers to do the same,” said AIB Chief Executive Colin Hunt. “We achieve this in many ways including by backing major investment in energy and climate action infrastructure and by supporting our personal customers with discounted green mortgages to buy energy efficient homes and green personal loans to fund retrofits or the purchase of electric vehicles.” AIB has raised a total of €4.65 billion from the issuance of green bonds. AIB’s bond was issued at a level of MidSwaps + 190bps, equating to a coupon of 4.625%, with over 220 investors on board. The lead arranger group on the issuance comprised Goodbody, HSBC, ING, J.P. Morgan, Morgan Stanley and NatWest Markets Plc. “Our ambition is that 70% of AIB’s new lending will be green or transition by 2030. And we are making real progress towards achieving that goal through the deployment of our €30 billion Climate Action Fund,” added Hunt. “The more green lending we do, the more green capital we can raise as investors are attracted by our strong ESG credentials. Green bonds are a key part of the transition finance toolkit as they enable capital to be directed towards key green and transition activities. The success of yesterday’s transaction further underlines AIB as a national climate action champion with a very strong capital and financial position.” #cleanenergy

SDCL Energy Efficiency Income Trust (SEEIT) objective is to generate an attractive total return for investors, comprising a stable dividend income and capital preservation, with the opportunity for capital growth. Discover the five things #investors need to know about #SDCLEnergyEfficiencyIncomeTrust in our latest equity proposition video. Watch below 👇 https://lnkd.in/eHytSz9X #SEEIT #LSE

TC ENERGY'S BOND DEAL FAILED TC Energy’s Historic Bond Deal Failed Due to Financial Model Error, Scotiabank Says https://hubs.la/Q02PGPfd0 #tcenergy #bonddeal #financialmodel #scotiabank #energyindustry #oilandgasindustry

🔋 Harmony Energy Income Trust plc has progressed the sale of its portfolio to the second round, a process which apparently raises questions around listed funds’ role in the UK's BESS industry. 📉See more via the Energy-Storage.news article below #BatteryStorage #BESS #RenewableEnergy #EnergyInvestment

Root and branch reform of the approach to decarbonisation is needed. 🌿 Banks have the financial capacity to step up here. The trick is the term of the financing and a more professional approach to doing the work on the ground. A full future proof retrofit costs more upfront but delivers long dated savings. If energy savings provide a 5-7 year payback a 30 year fully amortised equity loan will create immediate cost savings for the occupants making the repayments. An investment that is physically attached to the house improves its value and carbon efficiency and also delivers cost savings for the occupants, what’s not to like? There’s a business idea buried in that thought. Someone could step in and fund it. That’s a better, bolder idea than fixing the EPC framework 🤔 Every day we fail to capture cheap energy from the sun is a day wasted. #fintechinnovation begins at home

Gresham House Energy Storage (GRID) announced the suspension of dividends and buybacks for the rest of 2024 due to challenging revenue conditions in the UK battery storage sector. Take a look at GRID numbers and the funds that rank top in the infrastructure fund category 👉 https://lnkd.in/eRBTrNCB The trust aims to prioritise deleveraging its portfolio and focus on cash preservation and debt reduction. This decision comes ahead of the publication of its annual results for 2023, scheduled for April 29. Chair John Leggate highlighted the tough operating environment, with the board implementing measures to stabilise the business amidst market volatility. The trust reported a NAV decline of 11.64% in the fourth quarter of 2023, reflecting reduced revenue forecasts for 2024 and beyond. Despite recent improvements in revenues due to increased utilisation by the GB Electricity System Operator, they remain below long-term projections. Additionally, GRID has reduced its Revolving Credit Facility capacity and adjusted covenants to enhance flexibility amid weak revenues. #investing #business #economy #markets #money #businessintelligence Source: https://lnkd.in/eh2d3RgS

In the last quarter of 2023, gilt yields took a surprising dip, giving rise to a potential boosting of risk buffers and stirring up debt activity for the #energy and #infrastructure sector. Find more valuation trends, as well as a spotlight on the challenges of valuing a platform investment, in the Q4 2023 quarterly valuation update: http://maza.rs/6045cwE2t

Solar-panel securitisations are finally coming to Europe's public ABS market, courtesy Enpal. The SoftBank-backed German renewables firm is talking to investors to market a deal backed by €240 million ($259 million) in German consumer loans created to purchase and install solar panels. It would be the first public deal of its kind in Europe (there have been several in the US) and proponents are hoping it will drive solar panel adoption as it has done on the other side of the Atlantic. “If well received, it could encourage other issuers that the public ABS market is a viable source of financing solar panel assets,” says Cas Bonsema of Rabobank. Gregor Burkart, CFA, of Enpal believes this is an opportunity for investors to tap into a growing market driven by Europe’s renewable energy targets. Full story here with Beth Mellor #solarpanels #ABS https://lnkd.in/eA3ndFny

HSBC downgrades Bloom Energy on valuation https://loom.ly/QkwvFPE