EnergyWatch

Brexit markets give the UK solar industry a moment in the sun

Three London-listed British solar funds have multiplied their trading volumes over the past six months after the UK voted to leave the European Union.

Photo: Mainstream Renewable Power

Brexit has brightened the outlook for UK solar funds, with higher power prices lifting earnings for the industry and burnishing its attraction for investors seeking to insulate themselves from political upheaval.

Trading volumes at three London-listed UK solar funds more than doubled in the six months after June's referendum calling on Britain to exit the European Union, compared with the first half of the year, according to data compiled by Bloomberg. The top-performing NextEnergy Solar Fund Ltd. returned 18 percent since the vote. All the funds beat the 11 percent gain of London's FTSE 100 Index.

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