SDCL Energy Efficiency Income Trust has raised 拢105m (鈧�114m) via a share placing, an amount which exceeds the company鈥檚 initial fundraising target by 31%.
Earlier this weeks, the London-listed energy efficiency investor proposed a share placing to raise 拢80m, a fundraising plan it said was in line with the firm鈥檚 existing share issuance programme.
SDCL said the placing has received a strong level of support from investors and has been significantly oversubscribed.
The company said, taking into account the company鈥檚 acquisition pipeline, the board has decided to increase the size of the placing from 拢80m to 拢105m.
Tony Roper, chairman of SDCL Energy Efficiency Income Trust said: 鈥淭he new funds will allow SDCL to continue to invest in energy efficiency projects that are essential for reducing carbon emissions while delivering stable and attractive returns for our investors, as we further expand and diversify our portfolio.鈥�
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