TRIG Net Asset Value Increases Over 3% in 2021 – reNews

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The net asset value (NAV) of the Renewables Infrastructure Group (TRIG) increased by more than 3% in 2021, due to high electricity prices, rising inflation and active portfolio management.

The net asset value per ordinary share was 119.3 pence at 31 December 2021, compared to 115.3 pence in 2020.

The total net asset value return was 9.5% for the year.

TRIG’s portfolio generated 4,125 gigawatt hours of electricity during the year, compared to 3,953 GWh the previous year.

TRIG President, Helen Mahy, said: “Active portfolio management by InfraRed and RES has provided TRIG with strong financial performance in a year characterized by the ongoing Covid-19 pandemic, commodity markets volatile and the weakest wind resource in the company’s history.

“As the company approaches the ninth anniversary of its IPO, we have advanced board succession planning with the appointments of Erna-Maria Trixl and John Whittle.

“Shelagh Mason will be retiring from the TRIG Board at the end of February 2022 – on behalf of my fellow directors, I thank her for her service to the company.

“As the Board navigates this transition, my fellow directors and I are grateful for another year of strong support from TRIG shareholders as they continue to support the company’s diversification strategy.

“The decarbonisation agenda remains at the heart of public policies across Europe. Renewable energy plays a vital role in providing affordable and clean electricity. This context continues to provide good prospects for the company.

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