Downing Renewables & Infrastructure Trust (DORE) has released its interim results for the six months ending 30 June 2023. During this period, DORE acquired two hydropower plants and a UK solar portfolio, expanding its hydropower portfolio to 28 assets and its solar portfolio to approximately 4,800 assets. The net asset value (NAV) per share decreased slightly from 118.6p to 118.0p, representing a decrease of 0.5%, but the total return, including dividends paid, was 1.6%. Since its IPO in December 2020, the NAV total return is 30.5% when dividends paid are included.

In the second half of the year, DORE plans to continue its diversification strategy by acquiring two new technologies. This includes a fully operational shunt reactor in Mersey, UK, and a grid electricity distributor in Blsjn, Sweden. DORE is also exploring long-term revenue optimization initiatives, such as building batteries on the land of existing hydropower plants in Sweden.

DORE recently presented its most recent results in a presentation with IMC (Investor Meets Company), featuring Tom Williams, Head of Energy & Infrastructure, Tom Moore, Head of Private Market Operations, and Henrik Dahlstrm, Investment Director. The presentation can be viewed on YouTube.

Interested parties can access the half-year report and interim report presentation on the DORE website. It is important to note that capital is at risk, and past performance is not indicative of future performance. Investors should seek independent advice and carefully consider the risks, fees, and taxation factors before making any investment decisions. Downing LLP, the parent company of DORE, is authorized and regulated by the Financial Conduct Authority.