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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 Shares Traded Last Trade
  -2.60 -1.98% 128.60 5,211,226 16:35:10
Bid Price Offer Price High Price Low Price Open Price
127.80 128.20 132.20 127.80 131.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 210.46 10.00 12.9 3,191
Last Trade Time Trade Type Trade Size Trade Price Currency
17:59:02 O 16,368 130.563 GBX

The Renewables Infrastru... (TRIG) Latest News (3)

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Date Time Title Posts
23/11/202211:55THE RENEWABLES INFRASTRUCTURE GROUP715
18/2/202208:08The Renewables Infrastructure Group11

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The Renewables Infrastru... (TRIG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2022-11-30 17:59:14130.5616,36821,370.55O
2022-11-30 17:54:19128.603,3794,345.39O
2022-11-30 17:54:09128.603,3794,345.39O
2022-11-30 17:20:13130.82165,810216,915.96O
2022-11-30 17:17:42130.4117,79323,204.39O
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The Renewables Infrastru... (TRIG) Top Chat Posts

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Posted at 30/11/2022 08:20 by The Renewables Infrastru... Daily Update
The Renewables Infrastructure Group Limited is listed in the Alternative Energy sector of the London Stock Exchange with ticker TRIG. The last closing price for The Renewables Infrastru... was 131.20p.
The Renewables Infrastructure Group Limited has a 4 week average price of 127.80p and a 12 week average price of 113p.
The 1 year high share price is 148.20p while the 1 year low share price is currently 113p.
There are currently 2,481,003,209 shares in issue and the average daily traded volume is 3,762,627 shares. The market capitalisation of The Renewables Infrastructure Group Limited is £3,190,570,126.77.
Posted at 18/11/2022 17:44 by carterit
From citywire today....
Funds such as Greencoat UK Wind (UKW) and Bluefield Solar Income (BSIF) with the highest exposure to subsidised CfD and ROC revenues should see a smaller reduction in NAVs, said Winterflood’s Ratnasingam.

UK Wind rose 3% yesterday, one of the biggest risers in the sector, and rallied another 3.7% today. Foresight Solar (FSFL) and NextEnergy Solar (NESF) gained over 2% yesterday.

The latter’s rise may have surprised Ratnasingam as he believed FSFL could be the most vulnerable to a knock to NAV as it had recently set its power price assumption at the higher end of the sector range of £80-£175/MWh for 2023 and £65-£150/MWh in 2024.

By contrast, he said NESF was ‘relatively attractive’ because of its investments in battery storage through a 500MW joint venture with Eelpower. Investor’s Newell estimated it was in line for a reduction in NAV of just 0.3%.

However, further clarification is needed as Chande included NESF, BSIF and UKW in a list of five that also included Renewables Infrastructure Group (TRIG) and JLEN he believed could see reductions of around 2.5% in NAV.

‘Arguably this is already reflected in discounts,’ he said. Until the smoke clears, however, those gaps between share prices and NAVs look set to remain.

Posted at 11/10/2022 12:40 by deeker
That long term chart is a reminder on how the markets can wipe out 18 months worth of share price gains very quickly.
Posted at 10/10/2022 08:04 by jonwig
FT article weekend. Maybe I should have posted it in more places:

The UK government is pressing ahead with plans to cap revenues that renewable electricity generators are making from sky-high wholesale power prices following Russia’s invasion of Ukraine.

Companies generating power from wind and solar fear the plans, similar to proposals already announced by the European Union, will effectively amount to a windfall tax on renewable energy.
- - -
The government had been hoping to persuade electricity generators to agree voluntarily to 15-year fixed-price contracts well below current wholesale rates for their output.

https://www.ft.com/content/5187f160-eecd-4d7f-b523-82f973bc68a7

The sky high profits are from the ROCs contracts, which were replaced in 2017 by FIT/CFD contracts, where excessive profits are impossible. However, existing ROCS can continue until 2037.

This would be harsher than Sunak's windfall tax on O&G prodicers. It wll need legislation, which Labour and some Tories would probably not support. (Nor would I, but that's irrelevant.)

Posted at 04/10/2022 11:53 by stewart64
Still stubbornly sticking around 128p. Some of these Bond proxies have gone to the Moon in the last week not least GCP from 85p to 102p. Sometimes there is no rhyme nor reason why the Market would leave out TRIG. UKW up 2%, too, I see today. Surely a trading opportunity just now.
Posted at 30/9/2022 21:23 by gateside
Both UKW and TRIG are far away from possible promotion to the FTSE100
Posted at 30/9/2022 20:04 by stewart64
Indeed, the price of Greencoat is a great bellwether to where this should be. If the price of the two converge ( as they do occasionally) then TRIG is looking a tad expensive. If Greencoat commands a 10% premium that's about par. However, 150/127...and TRIG is looking cheap and out of kilter. And historically has always closed that gap in the last few years ( whence the two have had very similar Market caps and price movements).
Posted at 30/9/2022 17:35 by gateside
Curious as to why TRIG did not bounce back like other Renewable Funds in the last couple of days.
Posted at 26/9/2022 17:27 by voci
TRIG down over 5% today!

The whole renewables sector has been smashed today.

Buy the dip?
Sell out to avoid further losses?
Hang in there and keep on collecting the quarterly dividend?

Posted at 08/9/2022 08:56 by davebowler
Liberum;
Renewable Infrastructure Group

Battery storage investment

Mkt Cap £3,510m | Share price 141.60p | Prem/(disc) 5.8% | Div yield 4.8%

Event

Renewable Infrastructure Group (TRIG) acquired the right to develop three battery storage sites in the North of England. The first two projects are scheduled for grid connection in 2024 and 2025 and will have a capacity of 165MW with a two-hour duration. The third site (85MW) will be built later and is expected to be connected in 2029, possibly earlier. Once the first two sites are built and connected to the grid (2025), they will represent an estimated 4% of the portfolio by value. The sites each have land rights, planning permission and grid connection agreements secured. While energy storage is a relatively new investment for TRIG, the managers (InfraRed and RES) have extensive knowledge, in the sector going back over a decade. The managers also are mindful of the sustainability challenges, particularly in the supply chain of battery materials and these considerations will be reflected in the procurement framework.

Liberum view

This investment is a key milestone as it follows through on the strategy laid out at the CMD in April. Currently, battery storage accounts for only 0.4% of the portfolio, but will grow tenfold based on this investment. As renewable energy becomes a more important part of the electricity grid flexible capacity is increasingly needed to smooth intraday variability in the availability of renewable energy. We believe that in the foreseeable future flexible capacity installations have higher operating margins because there is chronic underinvestment in the sector so far. Furthermore, revenues from energy storage tend to have a low correlation with wholesale power prices received by renewables generators. The projects developed by TRIG also have the added advantage of having a two-hour duration, which is at the longer end of such projects and allows TRIG to extend its trading options in the wholesale market

Investors also seem to place a larger premium on energy storage as evidenced by the premia to NAV of the two oldest pure-play energy storage investments in the market, which trade at an average premium of 20.6% compared to the 5.8% premium for TRIG and 1.6% premium to NAV for renewable energy infrastructure ex energy storage overall.

Posted at 13/8/2021 10:43 by ec2
Have parked my sale proceeds from TRIG a few days ago into Next Energy Solar (NESF). The rationale is, keeps me invested in the same sector, NESF on premium of 2.44% and forward yield of 7%. This compares to TRIG on 17% premium and paying 5%. Both stocks have similar div cover (1.1 times and 1.18 times respectively). Should be no near term unexpected surprises from NESF as they made a business update only a few days ago. No stamp duty on this stock also makes it suitable for short term parking of funds. Stock goes ex next week for 1.79p quarterly div. If TRIG share price drops back to more reasonable level may then switch back into TRIG for the added diversification of wind as well as solar but NESF looks the better value option at present.
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