Ecofin U.S. Renewables Announces Managed Wind-Down

Ecofin U.S. Renewables Infrastructure Trust Plc (GB:RNEW) has released an update.

Ecofin U.S. Renewables Infrastructure Trust Plc (RNEW) reported a diversified portfolio of 65 renewable energy assets with a 177 MW capacity and generated 152 GWh of clean electricity in the first half of 2024. However, the company’s NAV decreased to $89.8 million or 65 cents per share, and a managed wind-down of assets has been proposed after failing to find a buyer for the entire portfolio. Shareholders are to anticipate a strategic repaying of borrowings and capital returns during the asset sales process.

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