Update re: 2021 Load Factors

RNS Number : 9015J

Aquila European Renewables Income

29 April 2022

 

AQUILA EUROPEAN RENEWABLES INCOME FUND PLC

(the "Company", the "Fund" or "AERIF")

LEI Number: 213800UKH1TZIC9ZRP41

The Company reports that in its 2021 Annual Report published yesterday there was an error in the calculation of load factors for the year for wind and hydropower assets. The table on page 13 of the Annual Report incorrectly stated the load factors for wind and the hydropower asset as 13.0% and 24.1%.  The correct load factors are 28.0% for wind assets and 29.9% for the hydropower asset. The load factor for the solar PV assets are unchanged. The total load factor for the portfolio has increased from 16.4% to 26.7%.

The Company's 2021 Annual Report remains unchanged. 

The amended table is shown below:

FINANCIAL PERFORMANCE

Production by Technology (AERIF share)

	Load Factors
Technology	2021	2020
Wind	28.0%	34.4%
Hydropower	29.9%	38.2%
Solar	18.1%	16.8%
Total	26.7%	34.9%

Technical availability³⁰

For further details contact:

Media contacts:

Edelman Smithfield

Ged Brumby | 020 3047 2527

Kanayo Agwunobi | 020 3047 2126

Sponsor, Broker and Placing Agent

Numis Securities 020 7260 1000

Tod Davis

David Benda

Vicki Paine

Joint Financial Advisor

Kempen & Co [phone]

Thomas ten Hoedt

Michiel Klomp

Robin van Wijk

 

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