High power prices continue to drive up the value of solar assets in the UK, with this expected to continue at least throughout 2022.
Strong asset performance sends Downing Renewables & Infrastructure Trust’s profit above expectations
Downing Renewables & Infrastructure Trust (DORE) – which entered the UK solar market in 2021 – has recorded an operating profit of investments 16.9% above expectations as it continues to pursue UK opportunities.
Downing LLP has established a new renewable energy project development business, focused on building a pipeline of solar, wind and battery storage projects in the UK.
Strong power prices in Europe helped offset falling UK power prices to allow Downing Renewables & Infrastructure Trust plc’s (DORE) Net Asset Value (NAV) to grow 1.3% in the first quarter of 2021.
Downing Renewables & Infrastructure Trust (DORE) has acquired a 96MWp portfolio of UK solar PV assets for £42 million.