Energy transition

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Greencoat Renewables

Demonstrating resilience and growth potential

Greencoat Renewables (GRP) has an attractive and expanding opportunity set ahead aligned with several key megatrends, including AI proliferation. This potential should not be ignored. In...

Greencoat UK Wind

Robust performance with further £100m buyback announced

Despite a more challenging market backdrop, Greencoat UK Wind (UKW) delivered a robust performance in 2024. Net cash generation confirmed as £279m (2023: £406m) equates to a net...

TRIG plc

Further divestments and refinancings expected in 2025

TRIG’s results confirm the trends evident in its NAV update. Asset disposals of c.£200m – supportive to its net asset value but also rightsizing its balance sheet to reflect current...

TRIG plc

NAV declines but share buyback programme expanded

TRIG’s Q4 NAV decline was driven by a range of factors, in particular energy yield (2.4p) and discount rates (1.5p), although the company’s proactivity in terms of capital allocation is...

Greencoat Renewables

Impressively resilient performance

Greencoat Renewables (Greencoat) has delivered slight NAV per share growth in Q4 despite generation being 15% behind budget. We expect this to be one of the stand-outs within the...

Greencoat UK Wind

Q4 2024 NAV update

The P50 revisions reflected in Greencoat UK Wind’s (UKW) Q4 NAV update (6.5p impact) clear up an area of potential uncertainty for investors. Despite the adjustment, the company will...

Greencoat Renewables

Strong commitment to renewables in Programme for Government

The Programme for Government demonstrates a strong and perhaps increasing commitment to expanding renewable energy sources in Ireland. The continued positive regulatory backdrop for...

Greencoat Renewables

Announced sale of Kokkoneva

The announced sale of Kokkoneva onshore wind farm (Finland) is consistent with Greencoat Renewables’ strategy to identify asset recycling opportunities. The consideration, representing...

TRIG plc

Q3 NAV and balance sheet update

Like others in the sector, TRIG has recorded a modest decline in Q3 NAV (-1.8p to 121.6p/share) – primarily driven by lower portfolio output versus budget and a weakening in forward...

Greencoat Renewables

Modest decline in Q3 NAV

Greencoat Renewables’ (Greencoat) modest Q3 net asset value (NAV) decline reflects a slight moderation in European power prices as well as lower wind resource across key markets....