Among the initial public offerings (IPOs) from investment trusts this year, three have come from a new sub sector in the infrastructure sector: renewables. All three issues were very popular, with Greencoat UK Wind (UKW) raising £260m, Bluefield Solar Income Fund (BSIF) raising £130m and The Renewables Infrastructure Group (TRIG) raising £300m. And more IPOs from investment trusts focused on this area are expected during 2013, with names in the frame reported to include Foresight, which already runs a venture capital trust and Enterprise Investment Scheme focused on solar power.
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