There are five key reasons why SEEIT represents an exciting investment case:

1. Energy efficiency. According to the International Energy Agency, energy efficiency, alongside wind and solar, will provide roughly half of the energy-related emissions savings by 2030. SEEIT’s investment manager, Sustainable Development Capital (SDCL), established in 2007, is a specialist firm in this area. With a proven track record in developing and investing in energy efficiency and decentralised energy generation projects, SEEIT is therefore well positioned to combine the manager’s expertise, and the necessity for energy efficiency, while benefiting from the acceleration towards global net zero. 
2. SEEIT’s investment objective is to generate an attractive total return for investors. This is achieved by capital growth through continued investment in the portfolio, combined with a stable dividend that has grown year-on-year. Dividends have been fully covered by cash flow from the portfolio since inception. 
3. SEEIT’s large portfolio is highly diversified, containing more than 10 different technologies. It holds assets across the UK, Europe and Asia-Pacific, with its largest weighting in the US, at just over 60%. Its three largest sub-sectors are solar and storage, district energy and combined heat and power. SEEIT invests across the entire development stage spectrum, with roughly 15% of its portfolio (in FY24) in construction and development. Earlier stage investments can bring slightly higher risk but can produce significantly higher rates of return in the long term. 
4. SEEIT invests in primarily long-term contracted income streams associated with high-quality credit counterparties. This minimises its exposure to energy price downturns and, where exposure exists, SEEIT mitigates it by agreeing contracts for fuel supply or offtake contracts for its energy services. SEEIT has also continued to increase the positive correlation between inflation and its revenue streams.
5. SEEIT trades at a significant discount to net asset value. This discount, if it were to close, would see investors benefit from significant additional returns. Combined with its attractive dividend yield and relatively low gearing compared to peers, provides an attractive entry point for investors into a uniquely positioned trust in the wider renewable energy space.