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Harmony Energy Income Trust PLC on Thursday said its net asset value was up, posting its first annual results, and that it continued to increase post-year-end.
The Great Britain-focused investor in commercial-scale battery energy storage systems said its NAV per share on October 31 was 122.70 pence, up 25% from 98.34p a year earlier.
It said the NAV per share continued to rise post-period end to 125.50p as of January 31.
Shares in Harmony Energy closed flat at 123.00p each in London on Thursday.
Harmony Energy posted its first annual results on Thursday, covering the period from incorporation on October 1, 2021 to October 31, 2022.
It also declared a second dividend of 1.00p per share in December, maintaining the level of its maiden dividend in July.
This is alongside securing a debt finance facility of up to £60 million from NatWest Group PLC, with an accordion for a further £70 million, to facilitate the acquisition and construction of Harmony Energy’s first pipeline project.
Looking ahead, it said construction of the company‘