SDCL Energy Efficiency Income Trust Plc to acquire a 50% interest in Primary Energy

  • Dec 30, 2019 GMT
  • Team Kalkine
  SDCL Energy Efficiency Income Trust Plc (LON: SEIT) has informed about investment in US energy efficiency portfolio.
  • The company has stated that it has agreed to acquire a 50 per cent interest in Primary Energy, a portfolio of recycled energy and cogeneration projects located in Indiana, USA.
  • The acquisition for an equity cash consideration of around $110 million is from a consortium led by Fortistar LLC.
  • The US energy efficiency portfolio consists of five operating projects and is a 298MW portfolio.
  • On 30th December 2019, at the time of writing, GMT 08:04 AM, SEIT shares were trading at GBX 107.50, unchanged against the previous day closing price.

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