Downing Renewables & Infrastructure Trust (DORE) has entered into exclusive discussions regarding the sale of its entire interest in Gabrielsberget wind farm in Sweden.
DORE purchased Gabrielsberget in January 2022 for £19.8 million ($26.5 million), and since twill hen a series of contractual and operational improvements have been the principal drivers behind a 50 percent uplift on DORE’s investment, as of June 30.
The sale proceeds will be used to repay fully DORE’s revolving credit facility and to fund further growth and reinvestment in the company’s hydropower portfolio. It also will make available additional capital to continue DORE’s share-buyback program.
“It is testament to the expertise of our in-house asset management team that we have secured the marked increase in the asset’s value and now have the opportunity to realize it,” said Tom Williams, partner, head of energy and infrastructure at Downing. “This transaction will place the