The Company seeks to provide investors with a sustainable and attractive dividend over the long term by investing in a diversified portfolio of utility scale energy storage projects primarily located in the UK, although the Company will also consider projects in North America and Western Europe. In addition, the Company seeks to provide investors with an element of capital growth through the re-investment of net cash generated in excess of the target dividend in accordance with the Company's investment policy.
Gore Street Energy Storage Fund is targeting an annual dividend of 7% of NAV per Ordinary Share in each financial year paid quarterly (subject to a minimum target of 7 pence per Ordinary Share), and paid the target dividend of 4 pence per Ordinary Share for the period from Admission to 31 March 2019.
Investment Process
The Company will not invest in any projects under development so that, save in respect of final delivery and installation of the battery systems, all other key components of the projects are in place before investment or simultaneously arranged at the time of investment.
RNS Announcements
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Results of Capital Raise
06 July 2020 -
Update on Fundraise Timetable
02 July 2020 -
Further 131MW Portfolio of Assets under Exclusivity
29 June 2020
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