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IN BRIEF: SDCL Acquires Further 15% Stake In Primary Energy

Mon, 4th Jan 2021 15:40

SDCL Energy Efficiency Income Trust PLC - investor in energy efficiency sector - Buys further 15% stake in Primary Energy from a consortium led by privately-owned investment firm Fortistar LLC for USD36 million.

Primary Energy is a 298 megawatt portfolio of recycled energy and co-generation projects in the US state of Indiana.

In addition to the initial 50% interest purchased in February 2020, SDCL now holds a 65% stake.

Current stock price: 106.90 pence

Year-to-date change: up 0.4%

By Ife Taiwo; ifetaiwo@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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