Renewables investor JLEN Environmental Assets Group has valued its portfolio at £537m (€589m) for year ending 31 March 2020, compared with £524m for year ending 31 March 2019.
The company’s wind assets, which form the largest share of its portfolio, performed above budget in the last quarter, said the investor.
The portfolio comprises 36% wind, 25% anaerobic digestion, 23% solar, 15% waste and wastewater and 1% hydro and battery.
JLEN said the overall portfolio performance was “slightly above expectations”, with wind portfolio generation above budget due to particularly good wind resources in the last quarter.
Solar assets performed slightly below budget for the year due to grid outages and repair works carried out under warranty.
Portfolio highlights during the year ending 31 March 2020 include three acquisitions and €25m commitment to FEIP, a limited partnership investing in predominantly greenfield European energy infrastructure assets.
The company made acquisitions in the hydropower, battery and food waste sectors to diversify its portfolio.
JLEN will join the FTSE 250, effective 22 June 2020.
The company also appointed Stephanie Coxon to the board of directors, effective 11 June 2020.
JLEN chairman Richard Morse said: “In an extraordinary year featuring falling power prices and the onset of the Covid-19 pandemic, JLEN has provided reliable income for investors while continuing to diversify its portfolio.”