UK-based Ingenious plans to raise £160m ($263m) to invest in clean energy via an IPO for a new vehicle.
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.
the new venture aims to give investors “exposure to a diversified portfolio of
renewable energy generation assets and energy efficiency projects.
investment objective is to provide investors with stable, long term dividends
rising in line with [inflation] whilst preserving the capital value of the
will target operating solar and onshore wind projects, and energy efficiency
assets, it said.
group told the stock exchange it retains an option to increase the size of the
share issue to £200m.
year saw a number of major renewables-facing IPOs in the UK, including Bluefield
Solar (£160m) and Greencoat UK Wind (£260m).