The Renewables Infrastru... Share Discussion Threads

[stewart64] 15/1/2021 17:37

hxxps://youtu.be/aoTuQgTG95A

Interview with Trig boss about 3 days ago on youtube. Confirms the dividend is safe for 2021 and even hints of a possible increase ( in pointing out Trig have always raised the dividend each year). Also gives an opinion on the current Market premium of 13p over nav.

[carpingtris] 15/1/2021 08:37

The Renewables Infrastructure Group Limited

("TRIG" or "the Company", a London-listed investment company advised by InfraRed Capital Partners ("InfraRed") as Investment Manager and RES ("Renewable Energy Systems") as Operations Manager)

Acquisition of interest in Beatrice offshore wind farm in the UK

The Board of TRIG is pleased to announce that the Company has exchanged contracts to acquire an equity interest of 17.5% in Beatrice offshore wind farm ("the Project") from Copenhagen Infrastructure Partners ("CIP"). Beatrice is a 588MW offshore wind farm developed by SSE plc using Siemens turbines, has an established track record since operations commenced in 2018 and benefits from a Contract-for-Difference ("CfD") subsidy. Following completion of the transaction, Beatrice will represent approximately 12% of TRIG's investment portfolio.

The wind farm is located approximately 13km off the north east coast of Scotland and comprises 84 Siemens 7MW turbines which utilise direct drive technology. The Project has a 15-year maintenance agreement in place with Siemens. The Project's CfD subsidy fixes the price received for all power generated until 2034, with indexation to inflation. Debt financing on the Project is fixed rate and fully amortising within the subsidy period.

The investment, which is subject to regulatory and lender consents which are expected to be received in the coming weeks, will be financed from a drawdown of the Group's recently renewed revolving credit facility. TRIG's co-shareholders will be SSE plc (40%), funds managed by Equitix Investment Management Limited (who are also acquiring a 17.5% stake from CIP and is partnered with TRIG on the Sheringham Shoal offshore wind farm), and Red Rock Power Limited (25%).

As has recently been highlighted by the UK Government, offshore wind projects have a significant role to play in the decarbonisation of the UK economy. As well as ongoing economic benefit through the provision of local jobs (with up to 90 roles at the operational base for the Project in Wick, Scotland), the Project provides enough clean energy to power the equivalent of more than 450,000 homes.

Richard Crawford, of InfraRed Capital Partners, said:

"We are pleased to have the opportunity to invest in this high-quality project developed by SSE, who are a leading generator of renewable electricity in the UK. As investment Manager, InfraRed seeks attractive opportunities for TRIG that increase the robustness of the portfolio, helping to deliver sustainable returns to shareholders from a diversified portfolio of renewables infrastructure. This major acquisition represents a continuation of this investment strategy and will be the Company's third investment in a UK offshore wind farm and its 5(th) in the offshore wind sector."

[stewart64] 12/1/2021 15:30

Trig appears stuck in the orbit of the share issue. Somewhat surprising when the recent dip here has co-incided with a breakout of around 7 pence across at Greencoat from its own share issuance blues. We will get the nav shortly on the annuals, but in view of the large capital raise at 125p then the nav might be somewhat higher than the Market presumption of 109 to 113p and therefore trading off the wrong premium premise. I thought Greencoat looked like the better bet when it was down at 129p but the position has somewhat reversed with Trig's poor start to the year. I'm expecting some pick up here, but a lot rests on the annuals too.

[pinemartin9] 06/1/2021 09:13

I've just dabbled in the ishares fund. Thanks for flagging. I'm annoyed I didn't no about it sooner. It looks really good. I can see that we are in a "super cycle" of investment in renewables - it does look to have a nice spread of assets and a good way of spreading risk.

I'm also in TRIG at 125 pre xmas.
GLA

[carpingtris] 05/1/2021 20:49

It's happening across afew boards... I'm guessing it's a bot of some kind? Can only be a premium member otherwise?

[bogman1] 05/1/2021 20:47

Just some tool making use of his subscription.

[norland1] 05/1/2021 20:06

Posters trying to be helpful here. Nobody appears to have an agenda but there is a serial looker giving everybody a thumbs down. Anyone any ideas why?

[norland1] 05/1/2021 19:22

Been here about 12 months and have done ok considering good divi. Some 4 months ago bought some INRG and growth has been staggering. Strong believer in clean energy investment (40% invested) including various hydrogen stock. There will be dips along the way but I don't think it's too late to join the party but DYOR

[andyadvfn1] 05/1/2021 13:27

Topped up also. My biggest holding now.

[igoe104] 05/1/2021 08:26

Justed topped up this morning, good value at this level.

[bogman1] 29/12/2020 14:28

About time

[cheshire man] 29/12/2020 11:19

Nice move up today I see :-)

[notbitcoin] 25/12/2020 10:42

It going to Windy tomorrow

[cheshire man] 23/12/2020 10:16

Not to mention the very decent yield :-)

[nerja] 22/12/2020 15:37

All cheap at the moment I have added on them all but nesf nav 99.6 price is 100.8 to buy, Fsfl similar door etc

[bogman1] 22/12/2020 15:23

I have added at these levels. This seems ridiculously cheap and beyond the fog of Brexit I can see this turning it around

[igoe104] 22/12/2020 14:11

No point doing all these acquisitions if the share price keeps doing nowt.....

[nerja] 22/12/2020 14:02

Norland1, Bsif, Fsfl, nesf , ukw as well as trig been drifting down the month or so, strange with the world committed to renewables, some getting to close to nav now, so at a loss myself.

[norland1] 22/12/2020 13:47

Most renewables,especially anything to do with hydrogen production, doing really well. Anyone know why Trig is lagging?

[andyadvfn1] 14/12/2020 07:44

It would appear to be the case. Expect it to be be a little bit choppy then over the short term then.

[stewart64] 11/12/2020 12:25

Andy..instructive that Trig collapsed this morning into the lower 124s on Hard Brexit fears only to rally nearly 3p on the Von der Leyen speech. I think as a Pan European this one is ultra sensitive to post Brexit co-operation.

[andyadvfn1] 11/12/2020 10:34

https://www.trustintelligence.co.uk/investor/articles/fund-research-investor-trig-renewables-infrastructure-group-retail-dec-2020#summaryInteresting read, however I was hoping to see something about The possible effects of brexit on WTO terms. Any views out there?

[stewart64] 27/11/2020 16:18

Thanks for the info schofip. I am with HL...I was a bit surprised by the refusal tbh.

[schofip] 27/11/2020 15:30

Stewart64 you are with the wrong broker. I am with AJ Bell and I took part in the tap issue with ISA funds.