The backing is seen as investors sending a strong signal, with the money coming from IPOs and secondary issuance from existing companies.
On Wednesday Aquilla European Renewables Income will list.
Here members of the Association of Investment Companies (AIC) reveal what is sparking their interest and why.
Ben Guest, manager of Gresham House Energy Storage, added: “The Gresham House Energy Storage Fund seeks to capitalise on the growing intraday supply and demand imbalances caused by our increasing reliance on renewable energy. The fund is aiming to provide investors with an attractive and sustainable dividend by investing in a portfolio of grid-connected, utility-scale energy storage systems located in Great Britain, which primarily use batteries to import and export power, accessing multiple revenue sources available in the power market.
“After the fund’s successful £100m IPO in November 2018, a portfolio of five operational seed energy storage systems projects was acquired, with a total capacity of 70MW. Of these, Project Staunch in Staffordshire and Project Roundponds in Wiltshire are the two largest at 20MW each. These two projects are typical of the fund’s investments. Set within a reasonably small compound of 1-2 acres, lithium-ion batteries function as the core component of the projects which store and release power almost immediately upon receiving the signal to do so.”
Gresham House plc (LON:GHE) is an AIM quoted specialist asset manager providing funds, direct investments and tailored investment solutions, including co-investment across a range of highly differentiated alternative investment strategies.
