Downing Renewables & Infrastructure to acquire Mersey Reactive Power for £11m.

Downing, a closed-end investment trust that aims to provide investors with an attractive and sustainable level of income, agreed to acquire Mersey Reactive Power, a UK-based, fully operational 200 MVAr shunt reactor, for £11m. "The opportunity to further diversify DORE's portfolio and provide essential grid services in the UK is one that we could not overlook, and we are excited by our pipeline of potential opportunities in this sector of the energy market. Voltage management and grid stability are critical to the future success of decarbonisation. This attractive acquisition, when taken with other recent acquisitions by the Company, increases the Company's long-term fixed revenues in the UK, helping to provide our investors with diversified and stable returns." Tom Williams, Downing Partner, Head of Energy & Infrastructure.