The Directors undertake to revisit the Recommended Share Price when events occur which have a material impact on the value of the Company (click here for more details of the Directors’ Recommended Share Price). The new price has been calculated using methodology consistent with previous valuations. Drivers behind the increase include rolling the Triodos Renewables financial model forwards capturing the financial position at the end of the 2015, and the inclusion of an investment in an addition 6.9MW onshore wind farm made in December. Updating the long-term wholesale energy price projections had the opposite effect.