Gore Street Energy - Further 131MW Portfolio under Exclusivity
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(the "Company" or "Gore Street")
Further 131MW Portfolio of Assets under Exclusivity
The exclusivity agreements cover 131MW of assets including:
· an operational portfolio of 81MW located across
· a 50MW project under development in
The 131MW portfolio of assets under exclusivity announced today is in addition to the 20MW
All of these assets are anticipated to be acquired on competitive pricing terms and deliver returns in line with Gore Street's targeted unlevered IRR of 10%.
Alex O'Cinneide, CEO of
"In addition to the recent announcement of the 50MW Ferrymuir acquisition, we are delighted to have secured exclusivity agreements for a further 131MW of attractive projects that will significantly add to the scale and diversity of the Gore Street portfolio."
The Legal Entity Identifier of the Company is 213800GPUNVGG81G4O21.
For further information:
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Tel: +44 (0) 20 3826 0290
Shore Capital (Sole Broker)
Tel: +44 (0) 20 7601 6128
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Tel: +44 (0) 20 7466 5000
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Notes to Editors
Gore Street is
The Company targets an annual dividend of 7.0% of NAV per Ordinary Share in each financial year, subject to a minimum target of
This information is provided by RNS, the news service of the
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