author-image
TEMPUS

Green light for an energy investment

The Times

There’s growth in green energy. When the SDCL Energy Efficiency Income Trust listed its shares in December 2018, it was worth £100 million. Fast-forward to today and it is worth more than £700 million and is a potential candidate for inclusion in the FTSE 250 in the next index reshuffle.

If there’s scepticism, too, about renewable energy — the bumper £900 million paid by BP for the option to build offshore two wind farms has prompted suspicions of a bubble in the market — the trust, more widely known as Seeit, claims to be different, the first investment company to focus on assets that reduce wasted power. Rather than buying into sprawling fields of wind or solar power generators whose earnings are exposed to wholesale