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✗TRIG RNS Number : 7770H Renewables Infrastructure Grp ( The ) 06 August 2021 6 August 2021 The Renewables Infrastructure Group Limited ( " TRIG " or " the Company " , a London - listed investment company advised by InfraRed Capital Partners ( " InfraRed " ) as Investment Manager and RES ( " Renewable Energy Systems " ) as Operations Manager ) Interim Report for the six months ended 30 June 2021 H1 2021 Key Highlights • 114.3p NAV per share¹ , decreased by 0.9 % since 31 December 2020 ( 115.3p ) £ 2,491m Directors ' portfolio valuation² , up 12.6 % since 31 December 2020 ( £ 2,213m ) • • 9.2 % total shareholder return since IPO3 vs. 5.6 % for the FTSE 250 • 6.76p dividend target reaffirmed for the year to December 2021 ( 2020 : 6.76p ) 1,941MW portfolio generation capacity 4 ( 31 December 2020 1,820MW ) • • £ 341m invested in period ( H1 2020 : £ 281m ) • £ 240m equity capital raised ( H1 2020 : £ 120m ) Sustainability Key Highlights • 660,000 tonnes of CO2 avoided 4,5 ( H1 2020 : 640,000 ) • Portfolio capable of powering 1.4m homes with clean energy • Supporting 37 community funds £ 1.1m budgeted for community contributions in 2021 • 0.27 reportable lost time accidents per 100,000 hours worked • InfraRed has achieved an A + PRI score for the sixth consecutive year Helen Mahy , CBE , Chairman of the Company , said : " I am pleased to present a resilient set of results for the first half of the year and reiterate the Company's dividend guidance for the full year . As vaccination programmes accelerate in TRIG's key markets , we have seen further opening of societies and increase in economic activity , which we hope will be sustained . Ahead of COP26 , we are also witnessing momentum behind the energy transition continue to build , with renewables to play a central role in meeting these net - zero ambitions . The strong participation shown by existing and new investors in our fundraising in March continues to support the Company's diversification . TRIG's strategy is wholly aligned with the climate change agenda and continues to position us well to benefit from Europe's journey to a net - zero carbon future . " Richard Crawford , Director , Infrastructure , InfraRed Capital Partners said : " In the first six months of the year , high power prices and active portfolio management have helped to reduce the impact of lower wind levels in the period , and regulatory and taxation changes . Renewables remains a highly attractive asset class . Our disciplined approach to portfolio construction , focus on value enhancement and responsible investment practises continue to serve the Company well as we further diversify TRIG's portfolio . " Highlights Footnotes : 1. The Net Asset Value ( NAV ) per share as at 30 June 2021 is calculated on the basis of 2,104,289,649 ordinary shares in issue and to be issued as at 30 June 2021 including issues of ordinary shares under the scrip dividend scheme and managers ' shares ( in part payment of the management fee ) . 2. On an Expanded basis . Please refer to page 46 for an explanation of the expanded basis . 3. On a share price plus dividends basis . 4. Based on portfolio performance during H1 . 5. The committed portfolio is capable of powering 1.5 million homes and saving around 1.6m tonnes of CO2 annually based on average household electricity consumption figures and the IFI Approach to GHG Accounting for Renewable Energy . 6 Based on the IFI Approach to GHG Accounting . Current operational portfolio as at 30 June 2021 .