
314: Money Makers Investment Trusts Podcast - with Ashley Thomas (17 Jan 2026)
Jan 17, 2026
40:03
In this edition of the Money Makers Investment Trusts Podcast, Jonathan Davis, editor of the Investment Trusts Handbook and winner of the AIC Best Broadcast Journalist Award (2024 and 2025), is joined by Ashley Thomas, renewables infrastructure analyst at Winterflood Securities, to discuss the latest UK offshore wind auction and why the business model of the renewable energy investment trusts is broken
This discussion was recorded on Friday 16 January 2026.
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The Investment Trusts Handbook 2026 is the ninth edition of the highly regarded annual handbook for anyone interested in investment trusts – often referred to as the City’s best-kept secret, or the connoisseur’s choice among investment funds. It is expertly edited by well-known author and professional investor Jonathan Davis, founder and editor of the Money Makers newsletter and podcast. The Investment Trusts Handbook 2026 is an independent educational publication, available through bookshops and extensively online. With articles by 30 different authors, including analysts, fund managers and investment writers, plus more than 80 pages of detailed data and analysis, the latest edition is an indispensable companion for anyone looking to invest in the investment trust sector.
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Section Timestamps:
0:00:24 - Introduction
0:00:39 - The latest offshore wind auction
0:07:35 - The offshore wind industry in general
0:09:54 - The health of the renewables investment trusts sector
0:12:33 - The relationship with gilt yields
0:16:30 - Dealing with discounts and debt capacity
0:23:30 - A short break
0:24:33 - Consolidation clues from the abandoned HICL-TRIG merger?
0:26:49 - Bluefield Solar Income Fund (BSIF)
0:29:26 - Other elements of the renewable energy sector
0:39:31 - Close
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