StockMarketWire.com - The Renewable Infrastructure Group said it net asset value per share rose by 5.6% in the first half, as it increased its power generation capacity.

The company's NAV per share for the six months through June rose to 115.0p, up from 108.9p at the end of December.

Its portfolio of mostly wind farms upped its generation capacity to around 1.51 gigawatts, up from 1.11 gigawatts on-year.

The company said it was targeting a dividend for the full year through December of 6.64p per share, up from 6.50p on-year.

'Although the political landscape in the UK remains subject to uncertainty, the fundamentals for growth in UK renewables remain,' chairman Helen Mahy said.

'Over the coming years we expect most new asset development in the UK to be in offshore wind.'

'Market supply for onshore wind has been tightening and only a limited number of new solar projects have been commissioned in the past three years.'



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