Solar Power Portal caught up with Aquila to discuss the drivers of C&I adoption, energy efficiency and the need for government backing, following the company's recent IPO.
Top UK Stocks to Watch: Greggs shares pop as sales return to pre-pandemic levels
Joshua Warner May 10, 2021 8:45 AM
Greggs sales benefit as the high street reopens, Provident confirms it is withdrawing from the home credit market, Centrica continues to see lower demand, Dignity’s new management prepare to shake things up, and Aquila Energy Efficiency Trust prepares an IPO in London. Share:
Top News: Greggs sees strong recovery as non-essential retail reopens
High street baker Greggs said sales have risen above pre-pandemic levels since non-essential retailers were allowed to reopen across the UK on April 12.
Things have been steadily improving for Greggs. Like-for-like sales were down 13.5% in the 18 weeks to May 8 compared to the same period in 2019, before the pandemic hit. However, that slide in sales contracted to just 3.9% in
Aquila Energy Efficiency Trust charges ahead with London Stock Exchange listing
Fundraising target set at £150m
The trust is targeting a total shareholder return of 7.5% to 9.5% per annum
A trust managed by Aquila Capital that will invest in the energy efficiency sector is seeking to raise £150m when it lists on the London Stock Exchange.
The Aquila Energy Efficiency Trust, which has announced its intention to float on the London main market with an IPO, has already identified a pipeline of approximately €210m (£180m) of energy efficient assets to invest in.
The trust is targeting a total shareholder return of 7.5% to 9.5% per annum by investing in diversified assets, including energy efficient lighting, smart building and metering services, cogeneration plants, heating, ventilation and air conditioning systems, efficient boilers, solar photovoltaic plants batteries, and electric vehicles and associated charging infrastructure.