Aquila European Renewables Income Fund PLC (LSE:AERS) share price was up around 30% on Tuesday, after the investment group completed the sale of its Greek wind asset, Desfina, for about €26 million, and announced it will return roughly €20 million to shareholders.
The disposal, which closed on 13 March after regulatory and other customary approvals, was followed by a review of the firm's liquidity and expected cash flows from its remaining portfolio over the next 12 to 18 months.
It will be the latest return to shareholders, after an initial return of about €34 million completed in January.
In London. Aquila shares were up 5.6p or 30.4% trading at 24p.