- Remaining assets expected to be sold in current quarter
- Pro-forma net asset value (NAV) of £52.2mn (52.2p)
- 12 per cent discount to proforma NAV
Triple Point Energy Transition (TENT:46p), an investment company that is supporting the energy transition, has entered exclusivity with a preferred bidder in respect of the sale of its portfolio of nine hydroelectric power assets and its remaining LED receivables finance facility. The disposal is expected to complete in the current quarter and will mark an end of the wind-down process.
The assets account for more than 85 per cent of Triple Point’s pro-forma NAV of £52.7mn (52.7p). Two non-contingent cash payments of £1mn (due in June 2025 and September 2026) from the previously announced disposal of a portfolio of heat and power energy service centre companies, and pro-forma cash of £5mn, account for the balance of NAV.