Nov 11 2025
Energy transition
Recent Research
TRIG plc, NAV increases modestly in Q3
Nov 4 2025
Greencoat Renewables, Solid Q3 NAV performance
Oct 30 2025
Greencoat UK Wind, Model update
Oct 16 2025
Meet your Energy transition Research team
Greencoat UK Wind
Update on Renewables Obligation consultation
Greencoat UK Wind’s (UKW) update this morning on the UK government’s Renewables Obligation (RO) consultation was well anticipated by the market, with the estimated net asset value...
TRIG plc
NAV increases modestly in Q3
TRIG’s Q3 net asset value (NAV) update reflects a solid performance, bringing an end to the extended period of NAV depreciation that has persisted since 2023. NAV rose 1.5% despite...
Greencoat Renewables
Solid Q3 NAV performance
Amid a seasonally weak quarter for wind generation, Greencoat Renewables’ (GRP) Q3 net asset value (NAV) performance shows encouraging resilience. The modest uplift reflects solid...
Greencoat UK Wind
Modest Q3 NAV decline, driven by seasonal generation
Greencoat UK Wind’s (UKW) Q3 performance is along expected lines, with net asset value (NAV) declining modestly to 140.7p/share due to lower generation. Historically, Q3 has contributed...
Greencoat UK Wind
Model update
H1 2025 presented a challenging operating environment for Greencoat UK Wind (UKW) with generation 14% below budget, and this is reflected in our updated 2025-2027 forecasts. Despite...
Greencoat Renewables
Taking stock of H1 2025
Greencoat Renewables’ (GRP) equity story combines a resilient, diversified portfolio with a compelling valuation case. As the sector continues to de-rate, risk-adjusted returns have...
Greencoat Renewables
H1 presentation highlights expanding opportunity set
Greencoat Renewables’ (GRP) interim results presentation, published ahead of its 09.00 UK/Ire analyst call, reinforces the strength of its investment case. Despite weak wind resource in...
TRIG plc
Q2 NAV 3.9% lower
TRIG’s net asset value (NAV) declined once more, by 3.9% in Q2; although this was not unique in the sector, it almost exclusively represented lower power price forecasts. From here, the...
Greencoat UK Wind
Resilient H1 performance; further disposals announced
Greencoat UK Wind’s (UKW) H1 results reflect ongoing resilience despite continued low wind speeds. Net cash generation remained strong at £163m, supporting an underlying net dividend...
Greencoat Renewables
Q2 NAV declines; P50 reset complete
Greencoat Renewables’ (Greencoat) Q2 net asset value (NAV) decline reflects the completion of a portfolio-wide reset to its P50 energy yield assumptions. Following initial revisions at...
