Digital 9 Infrastructure Plc
16 April 15
16 April 15
Triple Point has today announced the disposal of a portfolio of roof-mounted solar assets owned by Venture Capital Trusts and other funds under its management. Individual RNS announcements made by these funds can be found below.
Since 2011 Triple Point funds have assembled a significant portfolio of UK residential roof-mounted solar assets. Since the UK’s feed-in tariff scheme was first launched in 2010 over half a million homes have benefited from the installation of solar panels. The generation of renewable electricity by solar PV is now a proven business model attracting a wider range of investors and higher valuations.
The disposal price achieved is expected to result in an enhancement to investor returns.
Claire Ainsworth, managing partner of Triple Point, commented:
“Triple Point was one of the first fund management firms in the sector to recognise the opportunities offered by investing in domestic solar assets. Since 2011 we have successfully funded a portfolio of high performing residential solar assets located throughout the United Kingdom, principally through our Venture Capital Trust offerings.”
“Venture capital funds have played an important part in the solar industry and we are pleased to have built a seasoned portfolio that is now of interest to institutional investors. Today we are announcing the sale of a significant part of the portfolio of solar assets, at a price which is expected to deliver additional returns to investors.”