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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| The Renewables Infrastructure Group Limited | LSE:TRIG | London | Ordinary Share | GG00BBHX2H91 | ORD NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.40 | 0.40% | 100.20 | 100.20 | 100.60 | 100.80 | 99.80 | 100.60 | 2,688,852 | 16:24:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Finance Services | 9.2M | 5.8M | 0.0023 | 435.65 | 2.49B |
From Apr 2019 to Apr 2024
TIDMTRIG
RNS Number : 4114N
Renewables Infrastructure Grp (The)
08 May 2018
8(th) May 2018
The Renewables Infrastructure Group Limited
("TRIG" or the "Company")
Announcement by TRIG's co-investor in the Fred. Olsen UK Wind Portfolio
The Board of TRIG notes the 2018 first quarter results announcement on 4(th) May 2018 by Bonheur ASA, a member of the Fred. Olsen group of companies and the Company's co-investor in six of TRIG's UK wind portfolio projects, namely Crystal Rig I & II, Rothes I & II, Mid Hill and Paul's Hill (together, the "Fred. Olsen UK Wind Portfolio").
The announcement includes reference to historic production performance of the Fred. Olsen UK Wind Portfolio in which TRIG has a 49% equity investment and a mezzanine note. The Fred. Olsen UK Wind Portfolio represents nearly one quarter of TRIG's portfolio by value. Bonheur ASA reported that during the first quarter of 2018, the Fred. Olsen UK Wind Portfolio had like-for-like generation 9% below that of the first quarter of 2017.
In the TRIG portfolio, wind generation in the East of Scotland (where the Fred. Olsen UK Wind Portfolio is located) was below budget as a result of lower than expected wind speeds. However, wind generation in other geographies in the TRIG portfolio exceeded budget, demonstrating the benefits of TRIG's diversification. Overall, over the same period, TRIG's generation was close to budget.
As usual, performance for TRIG's portfolio over the first half of 2018, across all geographic regions, will be reported in the Company's interim results which will be announced on 8(th) of August.
Enquiries
InfraRed Capital Partners Limited +44 (0) 20 7484 1800
Richard Crawford
Phil George
Tulchan Communications +44 (0) 20 7353 4200
Martin Pengelley
Latika Shah
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
May 08, 2018 11:47 ET (15:47 GMT)
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