Renewables Infrastructure Grp (The) Net Asset Value (9866T)
July 28 2022 - 2:00AM
UK Regulatory
TIDMTRIG
RNS Number : 9866T
Renewables Infrastructure Grp (The)
28 July 2022
28 July 2022
The Renewables Infrastructure Group Limited
("TRIG" or "the Company", a London-listed investment company
advised by InfraRed Capital Partners ("InfraRed") as Investment
Manager and Renewable Energy Systems ("RES") as Operations
Manager)
This announcement has been determined to contain inside
information for the purposes of the market abuse regulation (EU)
No.596/2014.
Net Asset Value
The Company announces that it expects its Net Asset Value as of
30 June 2022 to be 134.2 pence per share (unaudited). The last
audited Net Asset Value was 119.3p per share as at 31 December
2021. The valuation uplift in the first six months of the year is
predominately due to high inflation and a significant increase in
power price forecasts. No change has been made to benchmark
discount rates applied in the valuation with demand for assets in
the renewables sector remaining resilient.
Further detail will be provided in the interim results, which
will be released on Friday 5 August 2022. A webcast presentation
for analysts and investors will take place at 9am (BST). To
register to attend please email Maitland/AMO at
trig-maitlandamo@maitland.co.uk . A recording will also be
available on the TRIG website shortly after the event.
Enquiries
InfraRed Capital Partners Limited +44 (0) 20 7484 1800
Richard Crawford
Phil George
Minesh Shah
Mohammed Zaheer
Maitland/AMO +44 (0) 20 7379 5151
Rhys Jones
Charles Withey
Notes
The Company
The Renewables Infrastructure Group ("TRIG" or the "Company") is
a leading London-listed renewable energy infrastructure investment
company. The Company seeks to provide shareholders with an
attractive long-term, income-based return with a positive
correlation to inflation by focusing on strong cash generation
across a diversified portfolio of predominantly operating
projects.
TRIG is invested in a portfolio of wind, solar and battery
storage projects across six countries in Europe with aggregate net
generating capacity of over 2.4GW; enough renewable power for 1.7
million homes and to avoid over 2 million tonnes of carbon
emissions per annum. TRIG is seeking further suitable investment
opportunities which fit its stated Investment Policy.
Further details can be found on TRIG's website at
www.trig-ltd.com .
Investment Manager
TRIG's Investment Manager is InfraRed Capital Partners Limited
("InfraRed") which has successfully invested in infrastructure
projects since 1997. InfraRed is a leading international investment
manager, operating worldwide from offices in London, Hong Kong, New
York, Seoul and Sydney, and managing equity capital in multiple
private and listed funds, primarily for institutional investors
across the globe. InfraRed is authorised and regulated by the
Financial Conduct Authority.
The infrastructure investment team at InfraRed consists of over
100 investment professionals, all with an infrastructure investment
background and a broad range of relevant skills, including private
equity, structured finance, construction, renewable energy and
facilities management.
InfraRed implements best-in-class practices to underpin asset
management and investment decisions, promotes ethical behaviour and
has established community engagement initiatives to support good
causes in the wider community. InfraRed is a signatory of the
Principles of Responsible Investment.
Further details can be found on InfraRed's website at
www.ircp.com .
Operations Manager
TRIG's Operations Manager is RES (" Renewable Energy Systems"),
the world's largest independent renewable energy company.
RES has been at the forefront of wind energy development for
over 40 years, with the expertise to develop, engineer, construct,
finance and operate projects around the globe. RES has developed or
constructed onshore and offshore wind, solar, energy storage and
transmission projects totalling more than 22GW in capacity. RES
supports over 9.5GW of operational assets worldwide for a large
client base. Headquartered in Hertfordshire, UK, RES is active in
11 countries and has over 3,000 employees engaged in renewables
globally.
RES is an expert at optimising energy yields, with a strong
focus on safety and sustainability. Further details can be found on
the website at www.res-group.com .
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