Aquila Energy Efficiency Trust has listed on the main market of the London Stock Exchange, after raising £100 million ($141 million) of gross proceeds under a recent initial public offering, at a price of £1.00 ($1.41) per ordinary share.
“We are delighted with the positive response from investors to our initial public offering, reflecting the demand for this asset class that offers sustainable returns alongside excellent impact and ESG credentials with limited power price exposure,” said Miriam Greenwood, chair of Aquila Energy Efficiency Trust.”
The trust is planning to work with Aquila Capital to create a diverse portfolio of investments that will help major corporations reduce carbon emissions across Europe.
“Coinciding with broader corporate and international policy objectives necessary to meet climate obligations, we feel this is a sector that will see sustained growth for years to come,” added Alex Betts, senior investment manager of Aquila Ca
