Renewables Infrastructure Grp (The)

1 May 2026

The Renewables Infrastructure Group Limited

The Renewables Infrastructure Group (“TRIG” or “the Company”) is a London-listed renewable energy investment company. TRIG creates shareholder value through a resilient dividend and long-term capital growth, underpinned by a diversified portfolio of renewable energy infrastructure that is actively managed by specialist investment and operations managers.

Net Asset Value update – Q1 2026

TRIG announces an estimated unaudited Net Asset Value as at 31 March 2026 of 104.1 pence per share, an increase of +0.1 pence per share in the quarter principally due to:

·     Good portfolio performance particularly across TRIG’s UK and German wind projects;
·     Actual inflation is running at a rate higher than was assumed in the valuation as at 31 December 2025;
·     Power price fixes at elevated levels including those placed following the escalation of the conflict in the Middle East; and
·     The benefit to NAV per share delivered by share buybacks; offset by
·     Lower medium-term revenue forecasts, particularly associated with removal of the Carbon Price Support in the UK.

The Board reaffirms the dividend target for FY 2026 at 7.55p per share

Gross cash cover for 2026 is expected to exceed 2.0x, calculated based on forecast operational cash flows before the c. £170m repayment of amortising project-level debt. Net dividend cover for 2026 is expected to be c. 1.1x.

Fcast income from TRIG over the next 12 months £1,088. The current plan is to re-invest earned dividends to either GCP and or SEQI.