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To provide Shareholders with an attractive return, principally in the form of quarterly income distributions by being invested primarily in solar energy assets located in the UK.
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Another placing in the market that private investors have been excluded from.
I think people are thinking that with oil so cheap there is less need for wind and solar. On the other hand, I would hope the big oil companies would get their green plans going by buying a couple of solar, wind, battery and AD companies on the cheap.
Although I am desperate for a few top ups, I wouldn't buy at the moment. Surely the FT100 shouldn't be this high... I am waiting for below 5000 at least, even below 4000.
Bought yesterday - opened 4% down today!
What's happened?
Can't find any news anywhere.
I took the opportunity to buy many more of these @ 110, not expecting any fireworks, no massive rise just a slow march upto previous highs and the regular dividends.
TRIG is my largest renewable holding. I have also owned BSIF for several years. Ditto JLEN, and a few days ago I bought NESF and FSFL as they had dropped back and were offering a good yield. I also bought GRID (energy storage) recently. UKW has been on my watchlist for a long time but never seems to pull back enough for me to buy in.
With my latest buys renewables now account for just over 10% of my portfolio. I've also just looked up the sum total of my RDSB and BP holdings and coincidentally they also work out to a smidgen over ~10%. Although they were substantially more prior to the recent oil and gas price falls and media panic about the latest virus.
For clarity, when referring to % of portfolio, above, I'm referring to % of invested portfolio as I still have a large amount of cash not yet invested, which would bring the above percentages down.
BSIF has been on my wish list for some time, so after some deliberation and a lot of research I will in the next few days (just waiting for it to hopefully drop a little further) be making my first purchase. Hopefully, the first of many.
I have had the like of BP for some time with RDSB along the way and even they are changing their approach investing in renewable energy. I think the comment are correct in the consumers will want more electricity in the UK and around the world so my investments are for the future. They pay a good dividends as well.
I already have about 2% of my portfolio on TRIG and will also be investing UKW taking the Renewable energy element upto about 15% of my portfolio over the coming months. Here to a brighter future for the planet
What a fantastically "scaremongering" article; based on COMPLETELY WRONG and UNSUPPORTIVE statements.
Firstly, "Long-term Power Requirement forecasts" so-called 'sliding' is an utter misleading statement!!!!
Long-Term Power Requirements will do nothing but INCREASE. That is the nature of things. In particular, ANY move towards ANY form of All-Electric based mechanisms such as Electric Cars, All Electric houses (i.e. reduction in Gas appliances etc) will necessitate a commensurate Increase of Supply.
This will in itself lead to greater demand for more 'Renewable' forms of Power generation.
the biggest 'hurdle' isn't to do with the so-called fluctuating 'nature' (pun intended) of Renewable Generation - It's to do with Medium to long term storage of such generating capabilities.
The other statement about the 'slashing' of Electricity prices is both non-supportive and also not applicable to the likes of TRIG, BSIF, UKW etc - because 20-30 years is totally unpredicable and completely NOT applicable to this current time period.
It's like saying Gold will become obsolete because other forms of metallurgical developments will make it obsolete - Tarot Card reading comes to mind.
In my view this so-called expert has simply, deliberately spooked the market to create an artificial dip in the SP across the Sector. I suspect their investment companies will be jumping on these shares given the rapid drop now.
Ultimately, The likes of these shares are 'profitable' for Private Investors, because they provide regular, consistent, reliable Dividends and a climbing SP.
Everyone will always need Electrical Power - no matter the future. It's too convenient, reliable and above all "Pervasive" in the very fabric of society.
So, I shall be ignoring the so-called experts and enjoy scooping up even more shares thanks to their 'deliberate' misleading statements.
P.S. The ONLY thing that will have a dramatic impact on Renewable companies is if something like Fusion Power becomes viable. Even then, Government's and Industry WILL NOT allow Consumers to have access to ridiculously low Electricity prices; why? Because Governments the world over rely on the vast income from 'Energy'; If the like of the UK rids itself of non-electric vehicles by 2050 (not a chance) then the Government will, indeed SHALL, implement Taxes etc on Electricity to replace the Revenue losses from Fuel etc.
Electricity, and Generating companies are here to stay.
Errrr...... Okay........... Stepping of the Soap Box now :-) :-)
More drivel spouted by so called experts that cause a wee panic. Admittedly most Renewables are on a Premium. That’s fine by me and it won’t stop me buying more.
As hydrocarbon dependence starts to be reduced under climate change action commitments, more and more electricity demands will take its place. Just for example ..Domestic hydrocarbon boilers are being phased out, so electric heaters will take over. EV charging points are to be in demand as Internal combustion engines are phased out and more EVs are sold...yet more electricity. Do I need to go on?
Hinckley nuclear won’t be finished for years.....CCGT Stations still being built.....possibly they will go to Hydrogen if they ever get round to commercialising Hydrogen production....and yep what do they need to produce Hydrogen more electricity. The future is bright...it’s moving more and more to an electrified world. If you are getting it from solar wind etc all the better.
It's all because I double up last week.
I see that today's divided announcement isn't yet showing.
The First Interim Dividend of 1.95 pence per Ordinary Share will be payable to Shareholders on the register as at 7 February 2020 with an associated ex-dividend date of 6 February 2020 and a payment date of 28 February 2020.
I agree , The Renewable sector is a growing asset class with many successful story,s not so reliable on governmental subsidy,s now as Solar panels have and continue to improve in an all round fashion ,Wind Turbines are a costly enterprise but even they are profitable,( Just drive along the A55 on the North Wales coast !!
The comments on that article seem to think its a fuss about nothing but rather a shock to me since I had the renewables down as an unexciting but comparatively safe place for a good tranche of my savings.
Thanks Ascoyne
A forecast of - 40% is a big hit and enough to give squeaky bum syndrome for sure ,It was my impression BSIF are underpinned by Feed -in tariffs for the next 19 years ,non negotiable by HMG
More recently this;
https://citywire.co.uk/investment-trust-insider/news/renewable-funds-could-plunge-40-on-cannibalisation-threat-say-jpm-analysts/a1317406?ref=investment-trust-insider-latest-news-list
Brief extract;
(Update) Investors in London’s expensive listed renewable energy funds are at a risk of a 43% share price fall and a 33% drop in asset values due to the slide in long-term power forecasts, JPMorgan Cazenove has warned.
Strong investor demand for their reliable dividends and environmentally friendliness has pushed shares in London’s six wind and solar power investment companies to an average 16% premium above their underlying net asset values (NAV).
But UK investment companies analyst Christopher Brown said the double-digit premiums of companies in the £9bn renewables sector were unsustainable in face of mounting evidence that growth in carbon-free energy would slash the cost of electricity in the next 20-30 years.
Its not just Bluefield lots of energy renewables shares are being hit.
A quick google found this;
https://citywire.co.uk/investment-trust-insider/news/ian-cowie-renewable-energy-funds-may-lose-feel-good-factor-if-you-pay-too-much/a1227491
One got a scooby why this is tanking so severely on open ?
Close to selling last week, just feeling toppy to me but have decided to hold longer, and I can afford it to slide back a bit. The 1m buy (?) on Friday is of interest.
Read the RNS on 29th April.
"The Company's NAV at 31 March 2019 was £420 million, or 113.44 pence per Ordinary Share, compared to the NAV at December 2018 of £423 million, or 114.41 pence per Ordinary Share."
Overbought possibly
Ideas on the recent pull back ?
Jan, Feb and March 2019 have been good for my home array - will be interesting to see if BSIFs arrays have also had good Q1.
Very refreshing indeed, I have plenty of "excitement" elsewhere. Looking to add to my holding here, but got to time it right.
I wouldn't say the share price action was dead, its just slow and steady that's all. Sure is rock steady when the markets go down, and it's a refreshing change.
Nice dividend, this has been better than buying your own panels and taking the income from them.
Is as dead as the SP "action", not that this is a bad thing as my investment returns here come back via divi's and pay all my trading costs elsewhere. I wish I had invested a bit more in this when I did as it relly does seem to be a steady Eddy.
Let's hope that cash gets distributed.
Yours Greedily
vb6 ex ii
This sunny spell must be making them panels clock some cash up.
They must have been on maximum output for a long time now,and will be for quite some time by the look of the forecast.