The interim half year results show a profit before tax of £15.1 million, up from £10.8 million during the same period last year.
The group’s portfolio is valued at £699.4 million, up from £472.9 million. This includes a reduction in its value of £20.2 million as a result of the summer budget in July which removed renewable generators’ exemption for the UK Climate Change Levy.
The main reason behind the increase in profit and portfolio valuation has been the acquisition of a solar farm and the £246 million investment in six wind farms in Scotland in June.
As a result, Trig’s portfolio now contains 36 projects and has a net generating capacity of 658MW.
The generating assets held by the fund generated 570GWh in the first six months of the year, exceeding production expectations by 6.3 per cent.
InfraRed Capital Partners director Richard Crawford, investment manager to Trig, said: “Trig has achieved a major step-up in scale in 2015, notably a near 5 per cent increase in capacity and portfolio value via seven further investments in solar and onshore wind projects, including a significant new partnership with Fred. Olsen Renewables.
“We are seeing promising further deal flow as further attractive projects and portfolios become available for investment in line with our target returns.”