Gore Street Energy Storage Fund PLC (LON:GSF), the industrial battery investor, posted a total return of 10.6% in the year to end-March, 2020.
Net asset value rose 3% to 94.6p, while the trust also paid out a dividend of 7p for the first time, in line with its target.
During the year, the trust raised £20.5mln with an additional £23.7mln raised since the end of the year.
The size of the portfolio increased to 189Mw with an additional 50Mw added subsequently while the total pipeline of possible investments is now up to 900Mw.
In the annual financial report, Alex O'Cinneide, the trust’s adviser, said: “Our operational portfolio is performing well and continues to generate sustainable income for our shareholders with little to no disruption from Covid-19.
“In line with the growing scale of the market opportunity, we have grown the size of the company threefold and welcomed two new strategic investment partners.
“We continue to acquire new assets, both operational and construction-ready, and are progressing our significant portfolio of projects on the island of Ireland.”