Triplepoint has shelved the launch of its £100 million Solar Income fund after a government announcement on renewable energy subsidies, Citywire reports. The London-based asset manager has now turned the fund into an unregulated collective investment scheme. The vehicle, which was to be managed by Ian McLennan and James Cranmer, was set to be the first closed-ended fund to invest in the U.K. The Solar Income fund was designed to invest specifically in assets relating to solar Photo Voltaic installations that are used to generate electricity.
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