REG - Aquila Eur Renwables Aquila Euro Rnw-AERI - Aquila European Renewables plc GRESB Green Rating

Aquila European RenewablesAnnouncement

18/10/2023 11:00

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RNS Number : 5465Q  Aquila European Renewables PLC  18 October 2023

 18 October 2023

 

 

Aquila European Renewables plc awarded 4-star GRESB Green Rating

 

 

Aquila European Renewables plc ("AER" or "the Company"), the London-listed
investment company advised by Aquila Capital Investmentgesellschaft mbH (the
"Investment Adviser") today announced the results of its annual GRESB
assessment for 2022.

 

GRESB is a global ESG benchmark-provider and membership organisation for the
real estate and infrastructure sector which synthesises data and provides
actionable insights to its members, partners, and investors.

 

In its third year of participation in the GRESB assessment, the Company has
achieved an improvement in both its overall GRESB score and rating for the
period. AER achieved an overall GRESB score of 92 out of 100 (2021: 88 out of
100), the highest rating ever achieved by the Company and higher than the
average of 88 points amongst its peer group. In addition, AER achieved a 4 out
of 5-star GRESB rating (2021: 3 out of 5). While the GRESB score is an
absolute measure, the GRESB rating is an overall relative measure of ESG
management and performance of the Company highlighting improvement over time.

 

At the portfolio level, compared to its last GRESB assessment, the results
show an improvement in performance in the categories of Reporting (e.g. ESG
investor reporting and incident management) and Risk Management (e.g. risk
management systems at asset level, social risk assessments and incident
reporting), whilst the score in Stakeholder Engagement was maintained. At the
asset level, the ratings upgrade recognises AER's strong risk management
framework and improved Stakeholder Engagement, whilst the performance in
resource and emission management was maintained for AER's assets.

 

ENDS

 

For further details contact:

 

Media Contacts

Edelman Smithfield

Ged Brumby 07540 412301

 

Sponsor, Broker and Placing Agent

Numis Securities 020 7260 1000

Tod Davis

David Benda

 

Apex Listed Companies Services (UK) Limited (Company Secretary) 020 3327 9720

 

NOTES

 

About AER

The 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 onshore wind, solar PV and hydropower investments across
continental Europe and Ireland. As a result of the diversification of energy
generation technologies, the seasonal production patterns of these asset types
complement each other, providing a balanced cash flow profile, while the
geographic diversification serves to reduce exposure to any one single energy
market. In addition, a balance is maintained between government supported
revenues, fixed price power purchase agreements and market power price risk.
AER is targeting a dividend of 5.51 cents per share in relation to the
financial year ending 31 December 2023, with the aim of increasing this
dividend progressively over the medium term.

Further details can be found at: www.aquila-european-renewables.com
(http://www.aquila-european-renewables.com)

LEI Number: 213800UKH1TZIC9ZRP41

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