SDCL Energy Efficiency Income Trust Plc (GB:SEIT) has released an update.
SDCL Energy Efficiency Income Trust plc has successfully sold its UU Solar portfolio to UK Power Networks Services for £90.8 million, a sale that not only exceeds the asset’s previous valuation but also strengthens the company’s balance sheet by reducing short-term debt. The transaction aligns with SEEIT’s strategy to enhance liquidity and invest in higher-yielding opportunities, while UK Power Networks Services sees UU Solar as a synergistic addition to its own operations. This strategic move is expected to bolster investor confidence in SEEIT’s portfolio valuation and support its objectives of capital growth and income generation.
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