Renewable energy infrastructure trusts have seen their discounts widen in each of the past four years, with the average discount now over 30%. A few trusts have wound down or been taken over, while a couple of proposed mergers did not find favour with shareholders. The surviving trusts have responded by initiating buybacks, selling assets to reduce gearing, and cutting their management fees, while a few have decided or been forced to reduce their dividend. Most renewable trusts have survived at least one continuation vote, but with discounts persisting, the sector looks set to shrink further o...