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Renewables Infrastructure Group Ltd on Tuesday reported a 1.5 pence increase in its quarterly net asset value per share, as it reaffirmed its full-year dividend target. The Guernsey-based renewable energy investment company said NAV per share rose 1.4% to 109.7p at September 30, from 108.2p at June 30. Renewables Infrastructure attributed the improvement primarily to rises in revenue forecasts of 1.2p, and value enhancement activities of 0.6p. Its shares were up 1.2% to 74.80p on Tuesday morning in London. The company reaffirmed it’s 2025 dividend target of 7.55p per share. This represents a 1.1% increase on 7.47p per share achieved in 2024. However, Renewables Infrastructure noted that net coverage of the full-year dividend may be ‘tight’ as ‘low generation as a result of particularly poor wind speeds in H1 continued into July and can be expected to impact H2 cash flows.’ The company also noted its progress with its ongoing buyback scheme, stating that as of the end of October, £76 million of the £150 million buyback had been deployed in the repurchase of its shares. It said buybacks added 0.2p per share to NAV in the quarter. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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