Hot Features
Premium
Trade like a pro: Leverage real-time discussions and market-moving ideas to outperform.
Ecofin U.S. Renewables Infrastructure Trust Plc (LSE:RNEW) has announced its transition to a self-managed model, marking a significant step in the company’s wind-down strategy. The move follows the termination of its management agreement with Ecofin Advisors, LLC. To facilitate this transition, the company has applied for FCA approval to operate as a self-managed alternative investment fund and has appointed Sustainability Partners Services, LLC to support its ongoing operations. As part of this shift, Nancy Johnson has been appointed as CFO at Sustainability Partners, ensuring a seamless continuation of asset management.
The company’s strategic pivot aims to streamline operations while focusing on the realization of its renewable energy assets and returning cash to shareholders as part of the wind-down process.
About Ecofin U.S. Renewables Infrastructure Trust Plc
Ecofin U.S. Renewables Infrastructure Trust Plc is a player in the renewable energy sector, primarily focusing on the management and investment in sustainable infrastructure assets. As part of its wind-down plan, the company is focused on asset liquidation and the distribution of returns to shareholders.
-
Year-to-Date Share Performance: -25.93%
-
Technical Sentiment: Buy
-
Market Capitalization: €31.54 million
