Drax agrees £200m deal for battery storage investor Business Drax has agreed a £200m deal to acquire the battery storage investor Harmony Energy Income Trust (HEIT) as it looks to shore up the UK’s power supply. The deal represents a premium of 11 per cent to HEIT’s closing price on 24 March, the last business day prior to the announcement. Drax said the deal, [...]
Harmony Energy joins wave of investment trust buyouts Investing Another investment trust looks set to be taken over by a private equity group amid a steep discount in share prices for UK trusts across the market. Harmony Energy Income Trust has been offered £190.8m by Foresight Group LLP, a private equity and infrastructure investment house, the trust announced today. The deal looks likely to [...]
National Grid reforms set to drive returns at Gresham House Energy Storage Fund and Harmony Energy Energy Revenues from battery energy storage systems have jumped between February and March.