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.
Matthew Clayton, Executive Director at Triodos Renewables, said:
“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.”
For more information about investing in Triodos Renewables, please visit: Investor Centre