Ecofin US Renewables Infrastructure trust sells solar asset portfolio for $37.1m

Net proceeds expected at $33.5m

Ecofin US Renewables Infrastructure trust has completed the sale of its solar asset portfolio, according to a stock exchange notice today (11 March).

The transaction, completed on 10 March, marks the first sale to be signed and completed as part of the trust's managed wind-down. One third of investment trusts made double-digit returns in 2024 amid troublesome year for sector The net closing payment, made to Ecofin's indirectly wholly-owned subsidiary, RNEW Capital, stood at approximately $37.1m. However, according to the notice, the net proceeds of the disposal, which excludes estimated tax liabilities plus other costs, will bring that figure down to $33.5m. "Of that, an amount of $400,000 is to be held in escrow for a short ...