Ingenious targets $263m for RE

Askam wind farm.

Onshore wind will be one of the areas targeted by Ingenious

UK-based Ingenious plans to raise £160m ($263m) to invest in clean energy via an IPO for a new vehicle.

Investment group Ingenious – which is best known for backing Hollywood movies such as Life of Pi, Avatar and the last few Die Hard films – plans to list Ingenious Clean Energy Income on the London Stock Exchange.

It said the new venture aims to give investors “exposure to a diversified portfolio of renewable energy generation assets and energy efficiency projects.  

“The company's investment objective is to provide investors with stable, long term dividends rising in line with [inflation] whilst preserving the capital value of the investment portfolio.”

Ingenious will target operating solar and onshore wind projects, and energy efficiency assets, Log in to read complete article.

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