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Ecofin U.S. Renewables Infrastructure Trust Plc ( (GB:RNEW) ) has issued an update.
Ecofin U.S. Renewables Infrastructure Trust PLC has announced a proposal to sell its 59.8 MW Whirlwind wind project in Texas. The sale includes a $12 million closing payment and an $11 million escrow holdback to address operational capacity issues. The transaction aims to resolve the project’s interconnection stability curtailment, with potential financial implications for stakeholders based on the resolution of these issues. The deal is expected to be finalized by the end of 2025, with closing occurring shortly thereafter, although there is no certainty that definitive agreements will be reached.
More about Ecofin U.S. Renewables Infrastructure Trust Plc
Ecofin U.S. Renewables Infrastructure Trust PLC operates in the renewable energy sector, focusing on investments in U.S.-based renewable energy infrastructure projects. The company is involved in the development and management of wind and solar energy projects, aiming to contribute to sustainable energy solutions and capitalize on the growing demand for renewable energy.
Average Trading Volume: 564,764
Technical Sentiment Signal: Sell
Current Market Cap: $33.14M
Find detailed analytics on RNEW stock on TipRanks’ Stock Analysis page.