- Gore Street's board said an accelerated wind-down could force asset sales at unfavorable valuations and weaken negotiations with buyers.
- The fund is targeting GBP25 million of disposals this year and GBP75 million next year, alongside annual distributions of 7 pence per share and selected battery-storage project augmentations.
- The company said battery-storage revenues have fallen to roughly GBP7.50-GBP8 per megawatt-hour from GBP22-GBP23 several years ago, but argued that conditions are near a cyclical low.
Quotes
“When someone seems to be an accelerated seller, the buyers tend to try and bid down or disappear”
“disciplined and timely value realization”