LONDON (Alliance News) - The Renewables Infrastructure Group Ltd on Thursday said its portfolio valuation rose in the first half and it generated more power than anticipated.
The fund, which invests in renewable energy infrastructure, said its portfolio valuation at the end of June was GBP699.4 million, up from GBP472.9 million at the end of December, boosted by acquisitions and portfolio returns in the period.
Its net asset value per share at the end of June was 102.5 pence, up from 102.4 pence on December 31, as it increased its portfolio to 36 investments and 658 megawatt of net generating capacity, following the acquisition of one solar park and an investment in a portfolio of six wind farms.
The portfolio also generated 570 gigawatts in the half, exceeding production expectations set at the acquisition of the assets by 6.3%.
The group said it will pay an interim dividend of 3.08 pence per share, up from 3.00p a year earlier.
Shares in Renewables Infrastructure were down 0.3% to 99.6875 pence on Thursday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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