Aquila European Renewables Income Fund raises €127m from investors

By Aidan Gregory
12 Oct 2020

Aquila European Renewables Income Fund, the London-listed investment trust focused on renewable energy assets, has concluded a €127.5m growth capital raising to finance its pipeline of investment opportunities.

The fund sold 122.9m shares at €1.0375 a share. That was a premium of 5.2% to the company’s net asset value per share at the end of June.

At a final size of €127.5m, the deal ended up being slightly smaller than the €150m target outlined by ...

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