Downing Renewables & Infrastructure Trust (DORE) announced that it has raised gross proceeds of GBP52.9 million (US$64.92 million).

DORE received applications in respect of 47,614,000 Ordinary Shares at a price of 111 pence per Ordinary Share, exceeding the target size of the Initial Issue. The company stated that the proceeds will be used to repay the revolving credit facility and to invest in an attractive pipeline of near-term opportunities, intended to further diversify DORE´s portfolio.