Atrato Onsite Energy plc (LSE: ROOF) is an investment company specialising in clean energy generation with 100% carbon traceability with a particular focus on UK solar, helping its clients (including several blue chip companies) achieve net zero and reduce their energy bills.
ROOF aims to provide investors with attractive capital growth and long dated, index-linked income, targeting a 5% dividend yield and a NAV total return of 8 – 10%. Its shares were admitted to trading on the premium segment of the Main Market of the London Stock Exchange on 23 November 2021. Atrato Partners Limited is the Company’s Investment Adviser.
Atrato’s team of renewable energy experts has several decades of experience in the sector. The team is led by Gurpreet Gujral who has over 15 years’ industry experience with extensive specialist knowledge of the development and commercialisation of rooftop solar PV on industrial and commercial sites. Chair Juliet Davenport is a figurehead in the UK renewable energy sector and has been championing the climate action agenda for decades.
Atrato Onsite Energy plc (LSE: ROOF) the clean energy investment company focused on UK solar, has today declared a second …
Dividend declaration The Board of Atrato Onsite Energy plc (LSE: ROOF), the investment company focusing on clean energy generation, is …
ANNUAL RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 DELIVERING STRONG, GROWING AND SUSTAINABLE LONG-TERM INCOME Atrato Onsite Energy plc …
| 30 Sep 2023 £~000 | 30 Sep 2022 £~000 |
|
|---|---|---|
| Movement in fair value of investments | 3,705 | (1,850) |
| Investment income | 3,919 | 483 |
| Total net income | 8,990 | (1,069) |
| Profit befote taxation | 6,431 | (3,439) |
| EPS | 4.29 | (2.67) |
| Balance Sheet | 30 Sep 2023 £~000 | 30 Sep 2022 £~000 |
|---|---|---|
| Investments at fair value | 99,289 | 47,105 |
| Cash | 37,867 | 69,361 |
| Current liabilities | (648) | (555) |
| Net assets | 138,057 | 139,216 |
Solar Power Portal: Atrato acquires 50MW ready-to-build solar project in North Yorkshire (Sep 2023)
“The project, which will feature ground mounted solar, will be constructed under a fully wrapped engineering, procurement, and construction (EPC) contract. Atrato, which operates under the ticker ROOF, will invest a total of £38 million over a 12-month period to acquire and construct the project. Energisation is scheduled for Q2 2024.”
Edie.net: Tesco announces solar power project to enhance renewables capacity (Dec 2023)
“Tesco has announced plans to install solar panels on 100 of its large UK stores within three years, in a bid to manage rising electricity demand and costs…The initiative has kicked off with the Thetford store fitted with more than 1,000 solar panels as part of a PPA with Atrato Onsite Energy.”
“Coherent Market Insights published a report, (‘Global Concentrated Solar Power Market, By Technology, By End User Industry and By Geography: Size, Share, Outlook, and Opportunity Analysis, 2023-2030.’) According to the report, the global concentrated solar power market was valued at US$ 5.29 Bn in 2023 and is expected to reach US$ 12.01 Bn by 2030, growing at a compound annual growth rate (CAGR) of 10.8% from 2023 to 2030. The Concentrated Solar Power Market is driven by the rising global demand for sustainable energy sources as countries strive to reduce carbon emissions and mitigate the impact of climate change. Additionally, technological advancements in solar power technology, such as improved energy storage solutions and increased efficiency of solar panels, are further fueling the market growth.”
