Coronavirus impact: 6 Aug - a clean energy day
News of a big contract win for a solar specialist results in another big move for the share price while a developer of sustainable energy projects raises new funding to support its power station conversion project
Duke Royalty: better than expectedShares in Duke Royalty (LON:DUKE) bounced strongly as the provider of alternative capital solutions reassured that its ‘Royalty Partners’ (borrowers!) were weathering the pandemic better than anticipated. Duke confirmed that its cash revenue in the first quarter, being cash distributions from its Royalty Partners and cash gains from sales of equity assets, totalled over £2m, down only 20% from the comparable quarter a year ago. Its operating cash costs also decreased 15% lessening the blow from the pandemic. It has offered a degree of flexibility to partners experiencing particular difficulties and cash distributions from these for…