Downing Renewables & Infrastructure Trust (DORE) has raised £122.5 million ($164 million) through a share placement. The company is planning to use the capital to invest in a portfolio of renewable energy and infrastructure assets that are diversified by technology, geography, project stage and revenue type.
“We are very pleased with the response we have received and the endorsement of our differentiated proposition from both institutional and retail investors,” said Hugh Little, chair of DORE. “We are grateful to our new shareholders and look forward to delivering an attractive return for them over the coming years.”
Applications for the ordinary shares will be traded on the London Stock Exchange's main market, according to DORE.
“The increasing demand for renewables, driven by broad political support for the transition to ‘net-zero’ emission economies, presents the ideal opportunity for the company and we are delighted to be launching DORE a