Gresham House Renewable Energy VCT 1 PLC (GB:GV1O) has released an update.
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Gresham House Renewable Energy VCT 1 PLC has announced its half-year results, noting a decline in net asset value per share from the previous period, influenced by market challenges including higher interest rates and lower power prices. The company is actively pursuing a Managed Wind Down strategy, seeking buyers for its remaining assets while aiming to maximize shareholder value amidst a difficult selling environment. Despite technical improvements and maintenance in their Apollo solar portfolio, external factors such as poor irradiation have affected revenue and asset valuation.
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