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Gore Street Energy Storage Fund PLC (GSF)

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clissold345
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Re: Gore Street Energy Storage Fund PLC (GSF)

#665221

Postby clissold345 » May 22nd, 2024, 11:17 am

In the full year trading update GSF confirmed that Big Rock (200MW) "remains on track for energisation by the end of this calendar year". Three smaller projects (Enderby, Porterstown II, and Dogfish) are also due to be energised by the end of this calendar year. All these projects may be operational by the end of FY25 (31st March 2025) so fund-level dividend cover may be > 1.0 by then. Their GB rates are currently low. In order to cover the dividend they can't afford any of their non GB rates to fall significantly.


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