Downing Renewables & Infrastructure Trust completed the acquisition of a 96MWp portfolio of c.50 solar PV assets in the UK for £42m.

Downing Renewables & Infrastructure Trust, a closed-end investment trust that invests exclusively in a portfolio of renewable energy and infrastructure assets located in the UK, Ireland and Northern Europe, completed the acquisition of a 96MWp portfolio of c.50 solar PV assets in the UK for £42m ($58m). "The combination of this solar portfolio, the hydro portfolio acquisition in January and the wind project under exclusivity encapsulates DORE's strategy of diversification by geography, technology, construction stage and revenue. Together, it provides strong, stable, diversified and high-quality earnings that will underpin DORE's dividend and NAV for years to come," Tom Williams, DORE Head of Energy & Infrastructure.