JLL’s Post

🔋 Key UK BESS Developer Announces Asset-Sale Amid Shifting Market Dynamics! Harmony Energy Income Trust plc plans to sell a partial or full stake in its battery energy storage systems (BESS) portfolio, with JLL as advisor. ⚡️Portfolio Highlights: – Operational: 5 BESS projects totaling 277.5 MW / 555 MWh across Yorkshire, Kent, and Buckinghamshire. – New Projects: Recently commissioned 35 MW / 70 MWh project and 82.9 MW / 165.8 MWh under construction, operational this year. 📈 Strategic Goals: – Deliver short-term value to shareholders. – Reduce gearing to enhance financial leverage. – Capitalize on market dynamics and historic BESS transaction trends. 🎯 Market Insights: – PE firms/PE-backed players have dominated ~50% of BESS deals in the UK since 2022, especially ready-to-build and under-construction projects. – However, their acquisition activity has recently dipped, primarily due to declining revenue potential as the ancillary services market saturates – The resulting vacuum has opened doors for IPPs and private players to step up acquisition activity – Harmony’s historic sale activity to these groups also aligns with these trends #EnergyStorage #BatteryStorage #RenewableEnergy #MarketDynamics #AssetSale #BESS #HarmonyEnergy #EnergyTransition #SustainableInvesting

Bluefield Solar Income Fund (BSIF) (LSE:BSIF) advised by Bluefield Partners, has reported strong half-year results and has set its dividend target for the fiscal year at no less than 8.8p per share at two-times cover, up from 8.6p in the previous fiscal year. The fund, focusing solely on UK solar investments, boasts stable, largely index-linked revenues leading to close to record returns. Bluefield Partners' Managing Partner James Armstrong told Proactive's Stephen Gunnion that despite these strong performances, the fund is currently trading at a discount to its Net Asset Value (NAV). Armstrong highlighted the fund's defensive capital structure and a proprietary pipeline of approximately 1.5 gigawatts of solar developments expected to come online in the coming years as key drivers of value and sustainability. This approach has contributed to BSIF being the highest-performing fund of its kind listed in London. Watch at #Proactive #ProactiveInvestors #LSE #BSIF http://ow.ly/MQ0V105k1xT

Foresight Solar Fund on-track to pay target dividend, Australian divestment process continues @foresightgroup #LSE #FSFL. Foresight Solar Fund Ltd (LSE:FSFL) told investors it remains on-track to pay its target dividend, 8p per share, for the year as business was supported by power price hedging. The investment vehicle, in a calendared statement, reported a third-quarter net asset value (NAV) of £639.90 million, or 112.6p per share, as of 30 September 2024, factoring negative recent power price forecasts and below-average weather conditions during peak production periods. It noted that ‘below-budget irradiation’ persisted from July to September – in other... http://ow.ly/bysu105OLUX

Really enjoyed chairing this discussion on a key issue for the development industry: sourcing power. Great insights from our expert panel. Check out our 3 part video series below 👇 Shoosmiths

Bluefield Solar Income Fund (BSIF) (LSE:BSIF) Limited’s interim results posted this Wednesday showed a robust performance for the UK solar assets investment fund. Financially, the company reported a net asset value (NAV) of £831.3 million as of December 31, slightly down from £854.2 million on June 30, 2023. Underlying earnings saw a modest 14.5% decrease to £43.9 million. The dividend target for the fiscal year has been set at no less than 8.8p per share at two-times cover, up from 8.6p in the previous fiscal year. Operational milestones during the period included the signing of a Memorandum of Understanding (MOU) with GLIL Infrastructure, marking a strategic partnership poised to fortify Bluefield Solar's investment and operational capabilities. More at #Proactive #ProactiveInvestors #LSE #BSIF #solar #investment http://ow.ly/OPiS105k09s

Securing a reliable power supply is critical to the success of any development project. How can developers and other stakeholders collaborate on sustainable and innovative solutions to address the national capacity issues and ensure the delivery of resilient developments of tomorrow? We recently hosted a roundtable bringing together leading developers, asset managers and investors, as well as energy, planning, policy and legal experts, who explored specific power supply challenges faced by the real estate industry. Some of the key topics covered in part 3 of the discussion include: 🔗 Data sharing 📍 Localised approaches 🤝 Stakeholder collaboration 📈 Investment considerations 💡 Examples of innovative solutions Watch the discussion here: https://lnkd.in/eQqwhyee Thank you to our panel for their time and valuable insights: Alan Somerville (Tritax Group), Angie Fenton (Quod), Chris Hollis-Thompson (Matrix Group), Edward Sargent (EDF Renewables / Pivot Power), Peter Henry (Harworth Group plc), Rob Wall (BPF), and Shoosmiths’ Chris Pritchett, James Needham and chair Kellie Hatton. #RealEstate #PowerSupply #SustainableDevelopment #EnergyandInfrastructure

With Canada's build-out of its clean energy grid, the opportunities for mid-market Private Equity in renewables-adjacent businesses (MROs) abound. Read more in this Financial Post article featuring PwC Canada's 2024 M&A mid-year update and insights from Derek Chu, Deals Partner in the Capital Projects and Infrastructure practice, focusing on Energy Transition. #privateequity #mergersandacquisitions #renewableenergy #canada #pwc Candace Collins Sean Rowe Eric Castonguay Michael Shea David Paradis Christine Yam

Are you looking to upgrade your real estate fund from Article 6 to Article 8 under the EU’s SFDR? In this new article in Renewables Investor, Kamahn Lee-Barron, Designated Person for Investment Management at TMF Group, outlines the factors you should consider. Read the full piece and align your real estate investments with SFDR to promote a more sustainable future: https://lnkd.in/eVCWswbC #SFDR #realestate #RenewablesInvestor

Mr. HEMANT MIRKHELKAR, CMD, BOLZEN AND MUTTER LIMITED on shifting focus to green energy. The solar and renewable sectors have been expanding faster than expected, driven by global environmental goals. With major contracts in the solar industry, the company has seen 100% growth, doubling their turnover last year from the year before, and with a forecast of at least 30% growth this year! Tune in to the entire conversation at: https://lnkd.in/dt6e6KdU #microcap #smallcapstocks #investing #investor #investingtips #smallcap #investments #assetmanagementcompany #portfoliomanagement #pms

Are you looking to upgrade your real estate fund from Article 6 to Article 8 under the EU’s SFDR? In this new article in Renewables Investor, Kamahn Lee-Barron, Designated Person for Investment Management at TMF Group, outlines the factors you should consider. Read the full piece and align your real estate investments with SFDR to promote a more sustainable future: https://lnkd.in/gsZ5pr7Q #SFDR #realestate #RenewablesInvestor