Triple Point Energy Transition realises £11.6m as part of managed wind-down

Sale of Field debt facility

Triple Point Energy Transition (TENT) trust has sold its Field debt facility, returning £11.6m to the fund.

In a stock exchange notice today (22 April), TENT said it had entered into an agreement in March 2022 to provide a debt facility to a subsidiary of Virmati Energy (trading as Field). The facility amounted to £37m and was given to allow the company to build a portfolio of "four geographically diverse" battery energy storage system (BESS) assets in the UK, the trust said. Triple Point Energy Transition proposes orderly wind-up The sale of the facility is part of TENT's managed wind-down of the trust, which was approved by shareholders on 22 March this year, and marks the second asset...