5 November 2024
Aquila European Renewables
plc
Net Asset Value and Factsheet - November
2024
Aquila European Renewables plc (the
Company), a Euro income fund, announces its unaudited net asset
value ("NAV") as at 30 September 2024, on a
cum-income basis, was EUR 341,542,195.4 or 90.33cents per ordinary share. This
represents a NAV total return of 3.4% per Ordinary Share over the
quarter.
Key drivers of the NAV movement in
Q3 2024:
· The positive impact of the decrease
in the risk-free rate following the ECB's decision to cut rates by
an additional 25 bps in early September 2024. (+3.5 cents per
Ordinary Share)
· A slight decrease in power price
curves, primarily driven by increased renewable energy production
in the mid to long-term outlook and a reduction in carbon EUA
emissions in the Iberian region. (-1.1 cents per Ordinary
Share)
· Following the announcement from the
previous quarter, the sale of Tesla closed on 30 September 2024 at
a 10.8% premium to the Company's Q2 valuation (+0.7 cents per
Ordinary Share)
· Decrease in portfolio discount rate
from 7.5% to 7.2%, largely due to the decrease in
the risk-free rate
Further details will shortly be
available in the quarterly factsheet on the Company's website at:
https://www.aquila-european-renewables.com.
For further details
contact:
Sponsor, Broker and Placing Agent
Numis Securities 020 7260 1000
Tod Davis
David Benda
George Shiel
www.aquila-european-renewables.com
LEI: 213800UKH1TZIC9ZRP41
