Renewable energy investment trusts must 'shrink to grow'

CG Asset Management's Chris Clothier has written an open letter (below) to the boards of investment trusts in the renewable energy sector calling for share buybacks to ultimately finance the UK and Europe's decarbonisation targets. The listed renewable energy sector has been a notable British success story. The UK has a thriving closed-end fund sector whose structure - a publicly quoted company holding a pool of investments - is ideally suited to holding illiquid assets such as wind and solar farms. From modest beginnings in 2013 the sector has grown to ~£16bn today and has been an impor...