Business
Net Asset Value and Factsheet
Net Asset Value and Factsheet.
About this update from Aquila European Renewables Plc Registered
[{"type":"text","content":"\n\n1 August 2024\nAquila European Renewables plc\n \nNet Asset Value and Factsheet - 30 June 2024\n \nAquila European Renewables plc (\"the Company\"), a Euro income fund, announces its unaudited net asset value (\"NAV\") as of 30 June 2024, on a cum-income basis, was EUR 335,508,746 or 88.73 cents per Ordinary Share. This represents a NAV total return, including dividends during the period of -3.6% per Ordinary Share over the quarter.\nKey drivers of the NAV movement in Q2 2024 were:\n \n· A sharp decrease in Guarantees of Origin (GoOs) as a result of lower demand due to lower industrial activity in the short term. Long-term GoO price forecasts have also declined reflecting expectations of lower demand as European countries approach a fully decarbonised grid (-5.8 cents per Ordinary Share);\n· In Iberia, short to medium term power price forecasts have increased in response to higher commodity prices. Nordic power price forecasts have also increased in the short-term, whilst longer-term power price forecasts have slightly declined because of the higher build-out of renewables and decreasing power exports (+2.2 cents per Ordinary Share).\nA sensitivity of NAV against discount rates, inflation and power prices can be found below.\n \n\n\n\n\nAssumption\n \n\n\nImpact on NAV per\nOrdinary Share\n \n\n\n\n\nDiscount rate\n\n\n+0.5%\n\n\n-5 cents\n\n\n\n\n-0.5%\n\n\n+ 5 cents\n\n\n\n\nInflation\n\n\n+0.5%\n\n\n+4 cents\n\n\n\n\n-0.5%\n\n\n-4 cents\n\n\n\n\nPower price\n\n\n+10.0%\n\n\n+11 cents\n\n\n\n\n-10.0%\n\n\n-11 cents\n\n\n\n\n \n \nFurther details will shortly be available in the quarterly factsheet on the Company's website at: https://www.aquila-european-renewables.com.\n\nFor further details contact:\n \nMedia contacts\nEdelman Smithfield\nGed Brumby 07540-412301\nHamza Ali 07976 308914\n \nCorporate Broker\nDeutsche Numis Securities 020 7260 1000\nTod Davis\nDavid Benda\nGeorge Shiel\n \nNOTES\n \nThe objective of Aquila European Renewables plc is to provide investors with an attractive long-term, income-based return in EUR through a diversified portfolio of wind, solar PV and hydropower investments across continental Europe and Ireland. Through the diversification of generation technologies, the seasonal production patterns of...