The Renewables Infrastructure Group has announced results for the year ended 31 December 2014. Over the period the net asset value rose slightly from 99p to 99.3p, the company paid total dividends for the year of 6.08p and the total return to shareholders was 7.5% – well ahead of the 1.2% return on the FTSE All-Share Index.
The statement says that the operational performance of their wind and solar assets was in line with expectations and gthey produced 814GWh of electricity during the year. Portfolio generation capacity increased by 52% to 439MW, with 9 additional projects bringing the total to 29 investments in the UK, Ireland and France; 38% of the portfolio by value now invested in solar PV.
They increased the size of the portfolio after raising £105m of fresh equity and agreeing a revolving credit facility worth £120m.
They say they intend to pay an interim dividend of 3.08p
TRIG : Renewables Infrastructure in line with expectations