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 23rd 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 [email protected] .
Shortly following the update call, a transcript will be made available on the website at www.trig-ltd.com.
Enquiries
InfraRed Capital Partners Limited [email protected]
Richard Crawford
Phil George
Maitland/AMO [email protected]
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.
