LONDON, UK: Triple Point Income VCT has completed on the sale of Green Peak Generation Limited within the Company’s E Share Class for total consideration of £2.633 million, as part of a wider portfolio sale of gas fired energy generation companies.
Triple Point Income VCT conducted a competitive process and invited bids from some of the leading energy infrastructure investors in the UK, following renewed interest in these types of assets due to changes in the energy market landscape.
The company received bids from all invited bidders, following which Conrad Energy (Holdings) II Limited was selected as the preferred bidder for the gas fired generation projects, with reference to key criteria including total consideration, level of offer conditionality and high level of deliverability.
At the conclusion of the sale process, Conrad’s final offer was considered the most attractive to the company.