The Renewables Infrastructure Group Limited

TRIG

Equity

ISIN GG00BBHX2H91 / Valor 21858326

LSE London Stock Exchange, SETS (2024-12-23)

GBP 0.84+1.20%

The Renewables Infrastructure Group Limited
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About company

The Renewables Infrastructure Group Limited (TRIG) is a prominent investment company focused on renewable energy infrastructure, with a diversified portfolio that encompasses onshore and offshore wind farms as well as solar parks across the UK and Europe. Established with an initial public offering (IPO) in 2013, TRIG was among the pioneering investment entities in the renewable energy sector to be listed on the London Stock Exchange, and it has since ascended to the FTSE-250 index. The company generates revenue through the sale of electricity and by capitalizing on government-backed green incentives. TRIG's operational and investment strategies are designed to offer its investors long-term, stable dividends while preserving the portfolio’s capital value by reinvesting surplus cash flows after dividend distributions. The company's governance structure includes an independent board of non-executive directors, and its day-to-day operations and investment management are handled by InfraRed Capital Partners and Renewable Energy Systems (RES), respectively. Through its investments, TRIG aims to contribute to a net-zero carbon future by generating sustainable returns for its shareholders from its renewable energy infrastructure projects.

Summarized from source with an LLMView SourceSector: Finance

Revenue Growth

The Renewables Infrastructure Group Limited reported a significant increase in revenue for Q1 2023. The company's diversified portfolio of renewable energy assets contributed to a robust revenue stream, reflecting the growing demand for clean energy solutions. This revenue growth underscores the effectiveness of TRIG's strategic investments in renewable energy infrastructure.

Net Asset Value

For Q1 2023, The Renewables Infrastructure Group Limited's net asset value (NAV) per share was reported at 127.7p, down from 134.6p in the previous year. This slight decrease in NAV per share is attributed to the challenging macroeconomic conditions, including rising interest rates, which have impacted the valuation of renewable energy assets.

Dividend Target

The Renewables Infrastructure Group Limited has set a dividend target of 7.47p per share for the financial year 2024, up from 7.18p in 2023. This increase in the dividend target reflects the company's confidence in its ability to generate stable and growing cash flows from its renewable energy portfolio, ensuring attractive returns for its shareholders.

Distributable Cash Flow

In Q1 2023, The Renewables Infrastructure Group Limited reported a distributable cash flow per share of 11.4p, an increase from 10.3p in the previous year. This improvement in distributable cash flow highlights the company's strong operational performance and its ability to generate sufficient cash to cover its dividend payments and support future growth initiatives.

Portfolio Valuation

The portfolio valuation of The Renewables Infrastructure Group Limited stood at £3,509 million as of Q1 2023, compared to £3,737 million in the previous year. The decrease in portfolio valuation is primarily due to the impact of higher interest rates on the discount rates used for asset valuation, despite the addition of new renewable energy projects to the portfolio.

Summarized from source with an LLMView Source

Key figures

-25.2%1Y

-37.0%3Y

-36.6%5Y

Performance

17.0%1Y

18.9%3Y

19.7%5Y

Volatility