IN BRIEF: Downing Renewables Makes First Post-Float Investment

Mon, 21st Dec 2020 15:04

Downing Renewables & Infrastructure PLC - clean energy investor - Exchanges contracts to purchase eight hydropower plants in Sweden from Fortum Sweden AB for EUR65 million. "Hydropower is a key energy source in the drive towards 100% renewable energy in Sweden by 2040 and is a key sector focus for DORE," company says. Would represent its first investment since IPO earlier this month.

Current stock price: 100.30 pence

Year-to-date change: down 0.2% since December 10

By Eric Cunha; ericcunha@alliancenews.com

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