Vantage: Investing for impact with Downing’s diversified approach to the energy transition

Vantage: Investing for impact with Downing’s diversified approach to the energy transition

The energy transition is a key challenge and opportunity facing investors today. Tom Williams, partner and head of energy and infrastructure at Downing Renewables & Infrastructure Trust (DORE.L), discusses the fund’s diversified strategy for investing in renewable energy assets across technologies and geographies. Williams explains how Downing’s focus on aggregating small hydro assets and modernising these plants in Sweden allows it to optimise returns while reducing carbon emissions. He also shares the fund’s approach to managing inflation risk and leveraging opportunities such as co-locating solar and battery storage at existing sites. We discuss priorities for allocating capital and Williams explains how the share buyback programme at Downing offers compelling returns at a time when the trust trades at a discount to NAV and has a dividend yield in excess of 7%.


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