Victory Hill has announced its intention to float a global sustainable energy investment company on the London Stock Exchange early next year.
The energy infrastructure specialist said it is seeking £400m in the initial placing. It will use this to build a globally diversified portfolio of sustainable energy infrastructure investments that support the energy transition and are aligned with the UN’s Sustainable Development Goals (SDGs).
Anthony Catachanas, CEO of Victory Hill, commented: “The energy industry is undergoing a once-in-a-lifetime transformation. We are witnessing an increasingly decentralised approach to energy infrastructure development, and we support the creation of a more sustainable global energy system. In order to do so, we actively participate in the energy transition and support the displacement of pollutive energy sources.”
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The investment trust will seek to grow its net asset value (NAV) by investing in sustainable energy infrastructure investments that are in operation or “ready-to-build”, and offer a stable yield. Victory Hill said in a statement projects must have the required grid access as well as land, planning, and regulatory consents to be considered investable.
The portfolio will invest across different proven technologies and across geographies to reduce underlying risks. It will target a total return on NAV of 10% per annum once fully invested.
“Global demand for energy sources has driven the growth of infrastructure capital spend over the last century and will continue to do so over the coming years,” added Catachanas. “By supporting the sector, Victory Hill aims to deliver stable and superior returns to investors who are seeking income. We are uniquely positioned to deliver this via a globally diversified portfolio of energy infrastructure projects, all committed to building a more sustainable future for us all.”