|
SDCL Energy Efficiency Income Trust PLC on Monday said its operational performance was generally in line with expectations in the second half of its financial year between early September and late March. SDCL Energy Efficiency Income Trust invests in assets in the energy efficiency sector, such as electric vehicle charging infrastructure and geothermal and biogas projects. The company said: ‘Recent tariff announcements in the US are designed to support domestic steel production and could have a material positive impact on primary energy given demand for its services is directly linked to the operational activity of the steel mills it supports.’ SDCL Energy noted a challenging environment amid widespread geopolitical and macroeconomic uncertainty, which it expects to result in an increase in risk free rates across the portfolio. It added it was closely monitoring policy developments in the US. Jonathan Maxwell, chief executive officer of the investment manager said: ‘SEEIT’s active management of the assets in its portfolio has delivered substantial income to the company, in line with previous years. This stable performance ensures that we can cover the target dividend of 6.32 pence which represents a double-digit yield for investors at the current share price.’ SDCL Energy shares were 1.6% lower at 47.96 pence each on Monday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
