Aquila European Renewables PLC

AERS

GB00BK6RLF66

Closed End Funds

Market Closed - London S.E. Other stock markets 09:05:11 31/05/2024 pm IST			5-day change	1st Jan Change
0.684 ^EUR	-0.73%		-1.58%	-12.87%

22/05	Barclays cuts NextEnergy but lifts JLEN	AN
10/05	Aquila European Renewables Drops Reconstruction Scheme Under Insolvency Act	MT

Aquila European pays EUR45.8 million for Spain purchase deal

May 12, 2023 at 02:44 pm IST

Aquila European Renewables PLC - London-based closed-ended investment company focused on energy efficiency projects - Completes EUR45.8 million payment as part of a seven year pay-as-produced power purchase agreement for Guillena with Statkraft Markets GmbH, a trader in the European energy market. Says payment is financed under a revolving credit facility.

Guillena is a 50-megawatt peak solar photovoltaic asset in southern Spain which belongs to the Greco portfolio, acquired for EUR42.5 million in March 2022. Construction of Guillena was completed last month, which means the company's portfolio is now fully operational, with an operating capacity of approximately 464 megawatts. Adds Guillena will increase total gearing level to approximately 30.8%.

Current stock price: 87.00 pence, up 1.8%

12-month change: down 1.4%

By Sabrina Penty; Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Aquila European Renewables PLC

Barclays cuts NextEnergy but lifts JLEN	22/05	AN
Aquila European Renewables Drops Reconstruction Scheme Under Insolvency Act	10/05	MT
Aquila cancels proposed combination following shareholder opposition	10/05	AN
Octopus Renewables, Aquila European Renewables End Combination Talks	10/05	MT
Aquila European Renewables Income plc Declares First Interim Dividend for the Year to 31 December 2024, Payable on June 14, 2024	03/05	CI
EARNINGS: LSL starts 2024 "strongly"; Focusrite maintains payout	25/04	AN
Aquila European Renewables plc Provides Dividend Guidance for 2024	25/04	CI
Aquila European instructed to adopt measures to protect reindeer	22/03	AN
Begbies trading in line; Probiotix inks partnership	27/02	AN
Aquila European Renewables in Combination Talks With Octopus Renewables, Others	26/02	MT
Aquila European Renewables Starts Due Diligence with Interested Parties for Potential Merger	26/02	MT
Aquila European Renewables begins combination process	26/02	AN
Aquila European Renewables plc Declares Fourth Interim Dividend for the Year to December 31, 2023, Payable on March 18, 2024	06/02	CI
Aquila European Renewables Secures EUR50 Million Debt Facility	08/01	MT
Aquila European Renewables agrees EUR50 million debt facility	08/01	AN
Aquila European Renewables to Consider Octopus Renewables Infrastructure Trust's Merger Proposal	22/12	MT
Aquila European considers Octopus Renewables merger offer, stock jumps	22/12	AN
Aquila European Renewables Confirms it Receives Unsolicited Proposals from Octopus Renewables Infrastructure Trust in Relation to a Possible Combination on to be Defined Formula Asset Value for Formula Asset Value Basis	22/12	CI
Octopus Renewables Infrastructure Trust Proposes Merger with Aquila European Renewables	22/12	MT
UK on brink of recession as economy contracts in Q3	22/12	AN
Octopus Renewables Infrastructure Trust Announces Proposed Combination with Aquila European Renewables	22/12	CI
Aquila European Renewables plc Declares Third Interim Dividend for the Quarter to 30 September 2023, Payable on 8 December 2023	03/11	CI
Aquila European starts trading on Euronext Growth Dublin	02/23/02	AN
Aquila European Renewables Commences Trading on Euronext Growth Dublin	02/23/02	MT
Aquila European Renewables set for Euronext Dublin listing	28/23/28	AN

Chart Aquila European Renewables PLC

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Company Profile

Aquila European Renewables Plc is an investment company specializing in renewable energy infrastructure (wind, photovoltaic and hydroelectric power plants) in continental Europe and the Republic of Ireland. At the end of the 2nd quarter 2023, the Company owned a 463.8 MW operating portfolio and had a net asset value of EUR 372.4 million.

Sector

Closed End Funds

Calendar

25/09/2024 - Q2 2024 Earnings Release (Projected)

More about the company

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

0.684 EUR

Average target price

0.8 EUR

Spread / Average Target

+16.96%

Consensus

Sector Closed End Funds

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AQUILA EUROPEAN RENEWABLES PLC	-12.87%	280M
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PIMCO DYNAMIC INCOME FUND	+7.30%	5.27B
SPROTT PHYSICAL URANIUM TRUST FUND	-0.71%	5.11B
SPROTT PHYSICAL SILVER TRUST	+26.36%	4.99B
SPROTT PHYSICAL GOLD AND SILVER TRUST	+20.18%	4.59B
MACQUARIE KOREA INFRASTRUCTURE FUND	+1.45%	3.98B
3I INFRASTRUCTURE PLC	+5.29%	3.97B