US activist hedge fund makes a move for Britain’s solar industry

Oliver Smith
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According to reports Elliott Capital Advisors has invested £100m in UK solar
ELLIOTT Capital Advisors has invested nearly £100m in Britain’s solar power sector funding half a dozen solar projects and has hedged its bets by shorting a similar number of solar groups.

The US hedge fund is now one of the largest privately-held solar power operators in the UK with around 85 megawatts of solar projects in its portfolio, according to The Sunday Telegraph.

Last week Elliott shorted 2.21 per cent of The Renewables Infrastructure Group, 1.51 per cent of Foresight Solar Fund, 1.31 per cent of John Laing Environmental Assets, 1.23 per cent of Nextenergy Solar Fund and 0.90 per cent of Bluefield Solar Income Fund according to shorts disclosed to the Financial Conduct Authority.

Elliott also owns video game high street retailer Game Digital having rescued the group from bankruptcy two years ago in a buyout fronted by Henry Jackson’s turnaround firm Opcapita.