Triple Point Energy Efficiency Exclusivity to acquire portfolio of hydro projects (2703N)
29 Septiembre 2021 - 1:00AM
UK Regulatory
TIDMTEEC
RNS Number : 2703N
Triple Point Energy Efficiency
29 September 2021
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR
INDIRECTLY, IN OR TO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN,
THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE
PUBLICATION, DISTRIBUTION OR RELEASE OF THIS ANNOUNCEMENT WOULD BE
UNLAWFUL.
29 September 2021
Triple Point Energy Efficiency Infrastructure Company plc
("TEEC" or, together with its subsidiaries, the "Group")
EXCLUSIVITY TO ACQUIRE A PORTFOLIO OF HYDROELECTRIC POWER
PROJECTS
The Group has secured exclusivity to acquire a portfolio of
operational, Feed in Tariff ("FiT") accredited, hydroelectric power
projects in Scotland. This investment was identified in the IPO
prospectus and formed part of the original pipeline.
The transaction is expected to reach financial close during Q4
2021. This opportunity will enable TEEC to deploy a large portion
of its remaining investable funds by acquiring an operational
portfolio backed by long-term, inflation-linked FiT revenues,
whilst generating 100% renewable energy.
For further information, please contact:
Triple Point Investment Management LLP (via FTI below)
(Investment Manager)
Jonathan Parr
Akur Limited (Financial Adviser)
Tom Frost
Anthony Richardson
Siobhan Sergeant 020 7493 3631
RBC Capital Markets (Joint Broker)
Matthew Coakes
Jill Li
Kathryn Deegan 020 7653 4000
Winterflood Securities (Joint broker)
Neil Langford
Hande Derinkok 020 3100 0000
FTI Consulting
Ed Berry 07703 330 199
Mitch Barltrop 07807 296 032
LEI: 213800UDP142E67X9X28
Further information on the Company can be found on its website:
www.tpenergyefficiency.com .
NOTES:
TEEC is a recently incorporated investment trust which invests
exclusively in a diversified portfolio of Energy Efficiency assets
in the UK, which have a positive environmental impact. TEEC's
investments will focus on the core sectors of low carbon heat
distribution; social housing retrofit and industrial energy
efficiency; and distributed energy generation.
The Investment Manager is Triple Point Investment Management LLP
("Triple Point"), which is authorised and regulated by the
Financial Conduct Authority. Triple Point manages private,
institutional and public capital, and has a proven track record of
investment in Energy Efficiency and decentralised energy generation
projects. In 2018, Triple Point was appointed as the Delivery
Partner to BEIS, a department of the UK government, to deliver the
GBP320 million Heat Networks Investment Project ("HNIP").
TEEC was admitted to trading on the Specialist Fund Segment of
the Main Market of the London Stock Exchange on 19 October 2020 and
was awarded the London Stock Exchange's Green Economy Mark.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCEASNPAESFEFA
(END) Dow Jones Newswires
September 29, 2021 02:00 ET (06:00 GMT)
Triple Point Energy Effi... (LSE:TEEC)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Triple Point Energy Effi... (LSE:TEEC)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024