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Elliott Capital Advisors put $152 million into UK’s solar industry

One of the world’s largest activist hedge funds has made a $152 million bet on Britain’s solar power industry  Business Insider, THE TELEGRAPH FEB 9 2015, by Marion Dakers Financial services editor from The Daily Telegraph One of the world’s largest activist hedge funds has made a bet worth nearly £100m on Britain’s solar power industry, The Sunday Telegraph can disclose.

Elliott Capital Advisors, the UK arm of the American hedge fund, has put money into half a dozen unnamed projects capable of generating about 85 megawatts — making it one of the largest privately-held solar power operators in the country.

Elliott has hedged its bets by taking out short positions in five other renewable energy funds listed on the London stock market. It made its biggest bet against a firm last week, spending an estimated £9m to short 2.21pc of The Renewables Infrastructure Group (TRIG).

The hedges amount to a £17m position against the publicly-traded renewable firms. Elliott is thought to have spent up to four times as much so far in building its own solar projects……..http://www.businessinsider.com.au/one-of-the-worlds-largest-activist-hedge-funds-has-made-a-152-million-bet-on-britains-solar-power-industry-2015-2

February 13, 2015 - Posted by Christina Macpherson | general