- Exposure to the green energy transition.
- Fully covered pay-out.
- 93 per cent of portfolio forecast income is contracted over 13-year period.
PLEASE NOTE: There has been an important update since we first initiated coverage on this company. Please see here.
t’s rare to come across a double-digit dividend yield with the pay-out fully funded by an inflation-protected income stream stretching out well over a decade. It’s even more unusual for any company offering such a prospect to be priced on a 43 per cent discount to net asset value (NAV) - but this is the case for one renewable energy investment company. Put simply, the level of risk aversion embedded in the current share price is at such levels that any unwinding of the equity risk premium could see a strong recovery.
