Downing Renewables & Infrastructure Trust Plc ( (GB:DORE) ) has shared an update.
Downing Renewables & Infrastructure Trust plc has successfully completed the sale of its interest in the Gabrielsberget wind farm in Sweden to Angel Wind, a subsidiary of Bagnall Energy, achieving a 54% return on their investment. The proceeds from the sale will be used to repay credit facilities, fund further growth and re-investment in the Nordic region, and support DORE’s share buyback program, reflecting the company’s strategy of enhancing shareholder value and supporting sustainable energy initiatives.
More about Downing Renewables & Infrastructure Trust Plc
Downing Renewables & Infrastructure Trust plc (DORE) is a closed-end investment trust focused on providing investors with sustainable income and capital growth through a diversified portfolio of renewable energy and infrastructure assets in the UK and Northern Europe. Recognized with the London Stock Exchange’s Green Economy Mark, DORE aims to support the transition to net zero by investing in and operating renewable energy projects.
YTD Price Performance: -8.13%
Average Trading Volume: 421,294
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £132M
Learn more about DORE stock on TipRanks’ Stock Analysis page.