Quarterly Net Asset Value Uplift

RNS Number : 8798L

Gore Street Energy Storage Fund PLC

11 September 2019

 

11 September 2019

Gore Street Energy Storage Fund plc ("GSF" or the "Company")

Quarterly Net Asset Value Uplift

Gore Street, London's first listed energy storage fund investing in assets in the UK, Ireland and Internationally is pleased to announce further good progress has been achieved which is reflected in an increase in its net asset value ("NAV"). As at 30 June 2019, the unaudited estimated Net Asset Value (NAV) per ordinary share had increased noticeably to 93.6 pence per share, a 1.85% uplift from the previous quarterly NAV of 91.9 pence per share.

GSF has continued to grow and as of June 2019, the Company was reporting on six assets representing a total of 129.0 MW. Encouragingly, the Company has achieved further significant growth during Q1 2019, when GSF completed the acquisition of two additional sites with a total capacity of 100.0MW in Ireland. The Company expects these two new sites in Northern Ireland to be operational in Q1 2021. 

The Legal Entity Identifier of the Company is 213800GPUNVGG81G4O21.

For further information:

Gore Street Capital Limited
Alex O'Cinneide	Tel: [phone]
Shore Capital
Daniel Harris / Hugo Masefield (Corporate Finance) Henry Willcocks / Fiona Conroy (Corporate Broking)	Tel: [phone]

Media enquiries:

Buchanan
Charles Ryland / Steph Watson / Henry Wilson	Tel: [phone]
	Email: [e-mail]

JTC (UK) Limited, Company Secretary                                     Tel: [phone]

Notes to Editors

About Gore Street Energy Storage Fund plc

Gore Street is London's first listed energy storage fund and seeks to provide shareholders with a significant opportunity to invest in a diversified portfolio of utility scale energy storage projects. In addition to growth through exploiting its considerable pipeline, the Company aims to deliver consistent and robust dividend yield as income distributions to its shareholders.

 

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