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
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Sdcl Energy Ef. (SEIT)