Aquila Energy Efficiency Trust charges ahead with London Stock Exchange listing

Fundraising target set at £150m

A trust managed by Aquila Capital that will invest in the energy efficiency sector is seeking to raise £150m when it lists on the London Stock Exchange.

The Aquila Energy Efficiency Trust, which has announced its intention to float on the London main market with an IPO, has already identified a pipeline of approximately €210m (£180m) of energy efficient assets to invest in. The trust is targeting a total shareholder return of 7.5% to 9.5% per annum by investing in diversified assets, including energy efficient lighting, smart building and metering services, cogeneration plants, heating, ventilation and air conditioning systems, efficient boilers, solar photovoltaic plants batteries, and electric vehicles and associated charging infrastru...