The Ecofin US Renewables Infrastructure investment trust expects to halve its quarterly dividend due to an expected decline in cash flows.
In a stock market announcement today (29 June), the trust revealed it expects net cash flows to be "meaningfully lower" than currently forecast for quarters ending 30 June 2023 and 30 September 2023. The company explained the correction came as a result of "certain operational issues", including the recent tornado that temporarily ceased operations at Texas wind farm Whirlwind, "corrective maintenance interruptions" at solar farms and one-time costs. Ecofin US Renewables appoints new lead portfolio manager The trust is engaged with Whirlwind's offtaker and interconnection provider...
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