Meet the fund managers: Renewable infrastructure in the FTSE 250

In this weekly series, Gulliver Nidam's Elliott Nidam faces the fund's manager and questions and answers. This week, we will talk to Minsch, a TRIG (TRIG).

How does your fund stand out from others in the same market?

The Renewable Ash Infrastructure Group (often famous as a TRIG) is a pound investment company listed on the FTSE250 list, specializing in renewable energy infrastructure.

Our portfolio is distributed by region and technology. Our investment has completed the six energy markets in the UK and Europe, the ground and ocean wind power plants, solar power plants, and battery energ y-saving plans.

We own the largest power generation capacity among all the London registration of all investment assets. The trigger portfolio has the ability to ensure that one or 8 million households an environmentally no n-heated power and compress carbon up to 2 million tons per year.

TRIG's uniqueness lies in the fact that two U-U H-ride manager is used: infrared capital partner s-investment and R S-operation work. The manager team has the deepest skills to work in an unwanted energy asset class.

Inflaland has developed and improved personal adjustments for more than 25 years, with the technology of creating and raising prices in all of the current asset cycles. This also means that the company actually owns the deepest and valuable recognition of the market and personal data, which has a great profit in the trig-investment.

RES is the most c o-circulating autonomous energy company that has developed, constructed and operated repeated energy plans for over 40 years. RES is based on the skills and skills of many expert, and as a result, it is at the forefront of section formation.

Which of your holdings are you most excited about?

The number of opportunities to invest in the battery used in the transmission network is increasing, and it is considered to be a major field of trigger business that complements the portfolio of the power generation company and enhances shareholders' profitability.

Earlier this year, we acquired Fig Power, a British battery manufacturer with a 1, 7 GW project capacity. The battery plays an important part of the energy conversion and expands the use of the energy source used repeatedly.

For triggers, investment in the battery is diversified and a supplementary source of income. In addition to developing, built, and restricted from our personal lines for a long chance, we are still waiting, in fact we receive the advantages of development for trigs. You can implement a plan for the three.

Thanks to the strength of our balance sheet, we expect to be able to finance larger developments at the expense of our own funds, including retained earnings and debt financing. This means that we will not be relying on equity production to execute this strategy.

What’s the biggest mistake you’ve made in the fund?

We are pleased to have played a role in the campaign aimed at persuading the government to reform the disclosure rules on investment company fees to level the playing field.

In retrospect, we could have joined the campaign when the rules came into force and pushed the button before this issue led to unintended consequences.

We hope that by the Treasury and the FCA codifying their intentions into law, their restraint will be received by all market participants. We hope that this will serve as a catalyst for investment companies and in particular encourage further investment in infrastructure and renewable energy, which are essential to the government's obligation to promote economic growth and green energy development.

What’s one change you’ve made in the fund recently? Why didn’t you make it sooner?

We have recently completed a series of asset sale transactions as part of our disciplined approach to capital allocation. Since mid-2023, we have successfully sold shares in seven assets totalling £210 million. These sales were agreed from an average quote of 11% for the relevant assets. These sales will increase the cost of Trignet assets and create reserves for future growth.

Portfolio stroking has always been one of the most important active management tools. As capital allocation priorities have changed, we have increased the number of asset sales this year and the bonuses achieved continue to highlight the value of Trig's portfolio.

What’s the biggest change you’ve seen in the industry since you started?

Having worked in renewable energy and infrastructure for 16 years, I have witnessed a number of changes that have changed the nature of work in the sector. The biggest change is that the sector has matured and attracted new investors. In particular, they now have the opportunity to invest in large real assets that they would not otherwise be able to access, with specialist managers and liquid structures.

This represents an increased interest in UK investment firms from large institutional investors around the world, particularly from the US, Australia, Switzerland, Ireland and the Netherlands. We have also seen a significant increase in the number of private investors in the sector. These investors are attracted by the potential for stable income and capital growth, as well as the opportunity to play a direct role in the "green" transition.