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Essence Energy Limited
In 2019, Downing funds acquired Essence Energy Limited, a 20MW gas fired generation site in Wolverhampton to facilitate the construction of the plant.
The site benefits from 15-year Capacity Market contracts that ensure security of supply to the UK in times of shortage. The plant is designed to be able to start up quickly (under two minutes), which enables it to provide power to the market at times of peak demand.
The project is still in development phase, with commissioning expected in 2021.
Key facts
Downing LLP does not provide advice or make personal recommendations and investors are strongly urged to seek independent advice before investing. Investments offered on this website carry a higher risk than many other types of investment and prospective investors should be aware that capital is at risk and the value of their investment may go down as well as up. Any investment should only be made on the basis of the relevant product literature and your attention is drawn to the risk, fees and taxation factors contained therein. Tax treatment depends on individual circumstances of each investor and may be subject to change in the future. Past performance is not a reliable indicator of future performance. Downing LLP is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 545025). Registered in England No. OC341575. Registered Office: Downing, 10 Lower Thames Street, London, EC3R 6AF.