A German fund management group is planning to raise as much as £150 million on the London stock market by listing a trust that will invest in street lighting and other energy-saving schemes. Aquila Energy Efficiency Trust will join a queue of companies waiting to float when it announces its plans today. It has already identified a €211.5 million pipeline of assets to invest in, including projects to install solar panels on the roofs of warehouses and other large industrial buildings. The trust, which will be managed by Aquila Capital, based in Hamburg, is also examining energy-efficient street lighting as well as smart meters that measure hot water and heating consumption in multi-occupancy buildings. Other areas include charging points for company fleets of electric vehicles. The aim is to find schemes that deliver contractual cashflows and stable returns.
Times 10th May 2021 read more »