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About the company
Downing Renewables & Infrastructure Trust PLC is a United Kingdom-based closed ended investment company. Its investment objective is to provide investors with an attractive and sustainable level of income returns, with an element of capital growth, by investing in a diversified portfolio of renewable energy and infrastructure assets in the United Kingdom, Ireland and Northern Europe. It can invest in a portfolio of assets that is diversified by the principal technology utilized to generate energy from renewable sources, geography and the stage of development of a project, being one of operational, construction-ready or in-construction. It invests in pre-dominant assets which generate electricity from renewable energy sources and other infrastructure assets and investments in businesses whose principal revenues are not derived from the generation and sale of electricity on the wholesale electricity markets. Downing LLP serves as the Company's investment manager.
- Revenue in GBP (TTM)10.56m
- Net income in GBP7.10m
- Incorporated2020
- Employees0.00
- LocationDowning Renewables & Infrastructure LtdBeaufort House, 51, New North RoadEXETER EX4 4EPUnited KingdomGBR
- Phone+44 13 9247 7500
- Websitehttps://www.doretrust.com/
Profile
| Management group(s) | Downing LLP |
|---|---|
| AIC sector | Renewable Energy Infrastructure |
| ISIN | GB00BLF7PP25 |
| Launch date | 10 Dec 2020 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
To provide investors with an attractive and sustainable level of income, with an element of capital growth, by investing in a diversified portfolio of renewable energy and infrastructure assets in the UK, Ireland and Northern Europe. By investing in projects in varied geographies, with different technologies, asset lives and yield profiles, it aims to achieve a diversified set of long term, resilient and predictable revenues.
Managed by
| Tom Moore, Tom Williams |
|---|
Management & contract fees
The Investment Manager receives from the Company a management fee of 0.95% p.a of NAV up to GBP 500m and 0.85% p.a of NAV in excess ofGBP 500m, payable quarterly in arrears. No performance fee.
Mergers & acquisitions
| Acquired company | DORE:LSE since announced | Transaction value |
|---|---|---|
| 7 GWh Hydropower Plants-Norasjon River(3) | 8.44% | 6.56m |
| Foreningen Lagmansholms Kraftverk Upa-Hydropower Plants(5) | -5.88% | -- |
| 1.1 Mw Hydropower Plant-Urdarfellsvirkjun | -4.83% | 6.35m |
Peer analysis
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| Mercia Asset Management PLC | 34.88m | -7.59m |
| Invesco Perpetual UK Smlr Cos Inv Tr PLC | -5.56m | -7.35m |
| Hargreave Hale AIM VCT PLC | -18.33m | -22.44m |
| Mobeus Income & Growth VCT PLC | 10.24m | 7.50m |
| Blackrock Sustnble Amrcn Incme Trst PLC | 22.40m | 20.27m |
| Downing Renewables & Infrstrctr Trst PLC | 10.56m | 7.10m |
| Blackrock Energy and Rsrcs Incm Trst PLC | 27.46m | 24.12m |
| Baillie Gifford China Growth Trust PLC | -30.63m | -32.98m |
| Puma VCT 13 PLC | -5.07m | -8.10m |
| CT Global Managed Portfolio Trust PLC | 13.47m | 11.79m |
| British Smaller Companies VCT2 PLC | 9.41m | 5.97m |
| Foresight Enterprise VCT PLC | 22.05m | 15.55m |
| abrdn Equity Income Trust PLC | 3.37m | -221.00k |
| Lindsell Train Investment Trust PLC | 5.99m | 4.20m |
| Digital 9 Infrastructure PLC | -446.59m | -463.24m |
| Peel Hunt Ltd | 85.83m | -3.20m |
Institutional shareholders
| Holder | Shares | % Held |
|---|---|---|
| Liontrust Investment Partners LLPas of 28 Jun 2024 | 12.60m | 7.15% |
| EFG Private Bank Ltd.as of 31 Dec 2023 | 9.03m | 5.12% |
| Alder Investment Management Ltd.as of 31 Jul 2024 | 7.00m | 3.97% |
| Privium Fund Management BVas of 30 Jun 2024 | 6.82m | 3.87% |
| Valu-Trac Investment Management Ltd.as of 31 May 2024 | 5.75m | 3.26% |
| Brooks Macdonald Asset Management Ltd.as of 31 Jan 2022 | 1.95m | 1.11% |
| CG Asset Management Ltd.as of 30 Jun 2024 | 1.51m | 0.86% |
| BlackRock Investment Management (UK) Ltd.as of 30 Jun 2024 | 1.51m | 0.86% |
| Columbia Threadneedle Asset Managers Ltd.as of 30 Apr 2024 | 1.46m | 0.83% |
| Premier Fund Managers Ltd.as of 30 Apr 2024 | 1.29m | 0.73% |
