Triodos Renewables announce share price increase

  • Posted: 30 Jan 2016

Triodos Renewables' Board of Directors has recently agreed a revision of the Directors' Recommended Share price. From 26th January 2016, the share price has increased to £2.27 from £2.18 equating to a 4% increase from July 2015, and a -0.4% movement against £2.28 one year ago.

The Directors undertake to revisit the Recommended Share Price when events occur which have a material impact on the value of the Company (click here for more details of the Directors' Recommended Share Price). The new price has been calculated using methodology consistent with previous valuations. Drivers behind the increase include rolling the Triodos Renewables financial model forwards capturing the financial position at the end of the 2015, and the inclusion of an investment in an addition 6.9MW onshore wind farm made in December. Updating the long-term wholesale energy price projections had the opposite effect.

"We are pleased that the performance of our wind and hydro projects in 2015, combined with further growth in the Company, has resulted in a increase in the value of the Company.  This comes despite the challenging market conditions principally related to falling prices in the oil markets.  We generated more than 39,500  homes equivalent of renewable energy last year with three new wind farms commencing generation, having put the funds raised from our shareholders in the last months of 2014 and early 2015 to work.” - Matthew Clayton, Executive Director, Triodos Renewables

For more information about investing in Triodos Renewables, please visit: Investor Centre.