JLEN Environmental Assets Group Ltd Update from QuotedData
01 Dicembre 2023 - 10:54AM
RNS Non-Regulatory
TIDMJLEN
JLEN Environmental Assets Group Ltd
01 December 2023
JLEN Environmental Assets - Update from QuotedData
1(st) December 2023
Backing the green hydrogen revolution
JLEN Environmental Assets (JLEN) and the wider renewable energy
sector have seen discounts to net asset value (NAV) widen to
unprecedented levels as investor sentiment wavers in the face of
higher interest rates. JLEN's 20.2% discount to NAV is hard to
fathom given the fundamental strength of its investment case and
future growth opportunities.
Undeterred, JLEN's managers are focusing their efforts on laying
the foundations for future NAV growth, with investments in green
hydrogen, for example (there are many colours of hydrogen but green
is the most sustainable and environmentally friendly as it produced
by splitting water through electrolysis using electricity generated
from renewable sources). This is a sector that is predicted to grow
500 times by 2050, requiring $5trn of infrastructure
investment.
JLEN has around 10% of its portfolio in assets under
construction or development, including two green hydrogen projects
in Germany. As they reach maturity, such projects can act as a
catalyst for capital value growth. Priority funding rights on
further green hydrogen schemes may also provide valuable
opportunities to grow JLEN's NAV.
Full Research:
https://quoteddata.com/research/jlen-environmental-assets-backing-green-hydrogen-revolution-qd/
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December 01, 2023 04:54 ET (09:54 GMT)
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