Renewables Infrastructure maintains optimism despite asset value slip
Renewables Infrastructure Group Ltd on Friday posted a weaker annual performance, but maintained a positive outlook for the European energy sector.
Guernsey-based renewable energy investor TRIG reported a net asset value of 104.0 pence at the end of December, down 10% from 115.9p a year earlier.
According to TRIG, this was ‘driven primarily by external factors including lower power price forecasts, low wind resource and higher discount rates.’
Nonetheless, the firm maintained it had a ‘clear strategy to support long-term returns’ and had seen progress in its 900-megawatt pipeline of projects.
‘In 2025, energy demand in the European Union returned to growth for the first time since 2017 and electricity demand is forecast to increase by around 2% per year through 2030,’ the firm noted.
‘Looking forward, the energy transition remains embedded within government policy and central to corporate strategies across Europe. Society continues to demand more secure and cleaner electricity generation.’
Chair Richard Morse commented: ‘2025 was a challenging year impacted by policy uncertainty, low wind resource and lower power price forecasts, all of which weighed on the company’s valuation.
‘Despite these challenges, TRIG’s portfolio and business model has again demonstrated its resilience,’ Morse continued.
‘Our priority is to restore dividend cover to historical levels and to deliver on the targets we set last year. The board remains confident in TRIG’s standalone strategy to provide our investors with a sustainable dividend and the opportunity for capital growth.’
TRIG has maintained its 2026 dividend target at 7.55p per share, flat on-year. The firm’s shares traded 0.3% lower at 66.80p on Friday afternoon in London.
It is due for its first continuation vote in June, with the board planning ‘a fulsome update on strategy’ at the firm’s capital markets seminar in May.
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