LONDON: The Board of Downing Renewables & Infrastructure Trust plc (DORE) announced the acquisition of five hydropower plants located in Sweden with a combined expected annual average production of c. 9 GWh for a total investment of c. £6.0m (EUR 6.7m). The acquisitions were funded using Downing Hydro AB’s long-term debt facility and completed in…
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DORE agrees to acquire Mersey Reactive Power for £11.0 million
LONDON, UK: Downing Renewables & Infrastructure Trust plc [DORE] has signed an agreement to acquire Mersey Reactive Power, a UK-based, fully operational 200 MVAr shunt reactor for a cash consideration of c.£11.0 million. Completion is subject to Ofgem approval. This investment will be made using the Company’s £40 million revolving credit facility and is forecast…
DORE acquires operational 46 MW onshore wind project in Sweden
LONDON, UK: Downing Renewables & Infrastructure Trust plc (DORE) has completed the acquisition of an operational 46 MW onshore wind project located in north east Sweden for a total consideration of approximately EUR 23.8 million (c.£19.8 million). The acquisition has been funded on an ungeared basis using the group’s cash resources. The wind farm is…