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Aquila Energy Efficiency Trust PLC ( (GB:AEET) ) has provided an announcement.
Aquila Energy Efficiency Trust PLC has announced the realization of its Bio-LNG investment in Germany and the majority of its Italian Superbonus investments, totaling €31.84 million. The Bio-LNG investment, initially costing €9.29 million, yielded an 8.9% annual return, exceeding expectations. The Superbonus projects, managed by Enerstreet and Enerqos Energy Solutions, are expected to generate a 9.4% annual return. The company plans to distribute significant returns to shareholders following these realizations, indicating a positive impact on its financial performance and shareholder value.
More about Aquila Energy Efficiency Trust PLC
Aquila Energy Efficiency Trust PLC operates in the energy efficiency sector, focusing on investments in projects that enhance energy efficiency and sustainability. The company is involved in projects such as Bio-LNG production and Superbonus initiatives, primarily in Germany and Italy.
YTD Price Performance: -0.96%
Average Trading Volume: 41,572
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £41.94M
Learn more about AEET stock on TipRanks’ Stock Analysis page.