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Last checked at 
29 Apr 2022 12:21
AQUILA EUROPEAN RENEWABLES INCOME FUND PLC
(the "Company", the "Fund" or "AERIF")
LEI Number: 213800UKH1TZIC9ZRP41
The Company reports that in its 2021 Annual Report published yesterday there was an error in the calculation of load factors for the year for wind and hydropower assets. The table on page 13 of the Annual Report incorrectly stated the load factors for wind and the hydropower asset as 13.0% and 24.1%. The correct load factors are 28.0% for wind assets and 29.9% for the hydropower asset. The load factor for the solar PV assets are unchanged. The total load factor for the portfolio has increased from 16.4% to 26.7%.
The Company's 2021 Annual Report remains unchanged.
The amended table is shown below:
FINANCIAL PERFORMANCE
Production by Technology (AERIF share)
Load Factors | ||
Technology | 2021 | 2020 |
Wind | 28.0% | 34.4% |
Hydropower | 29.9% | 38.2% |
Solar | 18.1% | 16.8% |
Total | 26.7% | 34.9% |
Technical availability30
For further details contact:
Media contacts:
Edelman Smithfield
Ged Brumby | 020 3047 2527
Kanayo Agwunobi | 020 3047 2126
Sponsor, Broker and Placing Agent
Numis Securities 020 7260 1000
Tod Davis
David Benda
Vicki Paine
Joint Financial Advisor
Kempen & Co +31 20 348 8000
Thomas ten Hoedt
Michiel Klomp
Robin van Wijk
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