Ecofin U.S. Renewables Infrastructure Trust Plc (GB:RNEW) has released an update.
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Ecofin U.S. Renewables Infrastructure Trust PLC has released its annual financial report for the year ended December 31, 2023, announcing a mixed performance with a net asset value (NAV) per share of 85.2 cents and a share price of 56.5 cents, reflecting a 33.7% discount to NAV. The investment company focuses on U.S. renewable energy assets and faced operational challenges that impacted its performance, including a tornado in Texas. Despite these setbacks, the renewable portfolio generated 248 GWh of clean energy, enough to power around 22,200 households. The company is conducting a strategic review with potential asset sales to maximize shareholder value.
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