Gore Street Energy trust reports 45% increase in NAV

Focus on diversification

Gore Street Energy Storage fund experienced a 45% increase in its net asset value from March to September this year, ending at £534.8m.

During the period the trust completed an oversubscribed placing and raised £150m in April. "The demand seen highlights both the institutional and retail interest for access to companies which have a major role in enabling the transition towards a net-zero economy, and the increasingly large and attractive number of opportunities in our pipeline, totalling 1.5 GW," commented Alex O'Cinneide, CEO of investment adviser, Gore Street Capital. The trust, which is sitting on a 1% premium, had a NAV total return of 4.65% for the six months to the end of September. O'Cinneide said the performa...