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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
  0.00 0.0% 128.60 127.80 128.20 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 0.0 210.5 10.0 12.9 3,191

Renewables Infrastructure Grp (The) Net Asset Value

28/07/2022 7:00am

UK Regulatory (RNS & others)


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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 .

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

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July 28, 2022 02:00 ET (06:00 GMT)

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