Downing Renewables & Infrastructure Trust Reports Strong Annual Performance with Strategic Asset Moves

An announcement from Downing Renewables & Infrastructure Trust Plc ( (GB:DORE) ) is now available.

Downing Renewables & Infrastructure Trust Plc has released its Annual Report for the financial year ending December 31, 2024. The company reported a successful year with a 54% return from the sale of the Gabrielsberget wind farm in Sweden, which helped reduce debt and enhance capital availability. The acquisition of three Swedish hydropower plants and entry into the frequency market are part of its strategy to optimize revenue and portfolio. Despite a decrease in market capitalization and share price, DORE maintained its dividend targets and achieved a 3.8% NAV total return. The company continues to focus on diversification and sustainability, with significant contributions to reducing CO2 emissions and powering UK homes.

More about Downing Renewables & Infrastructure Trust Plc

Downing Renewables & Infrastructure Trust Plc (DORE) is a closed-ended investment company based in England and Wales, focusing on renewable energy and infrastructure assets in the UK, Ireland, and Northern Europe. The company aims to provide investors with sustainable income and capital growth through a diversified portfolio. DORE is committed to accelerating the transition to a net-zero carbon economy and operates under an ESG framework, contributing to climate change mitigation.

YTD Price Performance: 4.66%

Average Trading Volume: 188,577

Technical Sentiment Signal: Strong Buy

Current Market Cap: £134.9M

Learn more about DORE stock on TipRanks’ Stock Analysis page.