Downing to launch renewables and infrastructure trust

£200m funding target set

Downing is to list an investment trust on the London Stock Exchange, seeking to raise up to £200m to allocate to renewable energy and other infrastructure assets in the UK, Ireland and Northern Europe.

The manager announced today (Nov 2) that it had already secured cornerstone investment of £30m to allocate to the trust from existing clients. Tom Williams, head of energy and infrastructure at Downing, said renewable energy played a critical role in satisfying energy demand as the transition away from fossil fuels gathered pace across Europe. "Downing Renewables & Infrastructure Trust (DORE) will focus on delivering sustainable income streams and capital growth by investing in a portfolio of renewable energy and infrastructure assets diversified not only by technology but by geograph...