Renewables Infrastructure Grp (The) Update and Investor Call - COVID-19 (0702H)
21 March 2020 - 3:05AM
UK Regulatory
TIDMTRIG
RNS Number : 0702H
Renewables Infrastructure Grp (The)
20 March 2020
20 March 2020
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.
Update and Investor Call - COVID-19
The Renewables Infrastructure Group Limited will be holding an
investor call on Monday 23(rd) March 2020 at 14.00 (GMT).
The call will be hosted by Helen Mahy (Chairman), Richard
Crawford (InfraRed) and Jaz Bains (RES).
Ahead of the call, the Company can update that the portfolio is
performing well with electricity generation approximately 25% above
budget for the year-to-date. Power prices have been below
expectations, however forward power prices are indicating some
improvement over the near-to-medium term and visibility over
cashflows is enhanced by approximately 75% of the year's revenues
per MWh generated being fixed (including subsidies). The Company's
dividend target of 6.76 pence per share is maintained.
Monday's call will offer an update on the operations of the
portfolio and how the Managers are monitoring and managing risks to
the Company arising from the global COVID-19 pandemic.
Those interested in registering for the call should contact
Maitland/AMO by e-mail to trig-maitlandamo@maitland.co.uk .
Shortly following the update call, a transcript will be made
available on the website at www.trig-ltd.com .
Enquiries
InfraRed Capital Partners Limited triginfo@ircp.com
Richard Crawford
Phil George
Maitland/AMO trig-maitlandamo@maitland.co.uk
James Isola
Zara de Belder
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 targeting an aggregate dividend of 6.76 pence per Ordinary
Share for the year to 31 December 2020.
TRIG is invested in a portfolio of over 70 wind, solar and
battery storage projects with aggregate net generating capacity of
1,664MW. 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 over 200
infrastructure projects since 1997. InfraRed is a leading
international investment manager focused on infrastructure and real
estate. It operates worldwide from offices in London, Hong Kong,
New York, Seoul, Sydney and Mexico City. With over 190
professionals it manages in excess of USD 12 billion of 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
85 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 38 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 17GW in capacity. RES
supports over 5.5GW of operational assets worldwide for a large
client base. Headquartered in Hertfordshire, UK, RES is active in
10 countries and has over 2,000 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.
END
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