Renewables Infrastructure Grp (The) Acquisition of an operational wind farm in the UK (7006Q)
22 Octubre 2019 - 04:23AM
UK Regulatory
TIDMTRIG
RNS Number : 7006Q
Renewables Infrastructure Grp (The)
22 October 2019
22 October 2019
The Renewables Infrastructure Group Limited
("TRIG" or "the Company", a London-listed investment company
advised by InfraRed Capital Partners as Investment Manager and
Renewable Energy Systems ("RES") as Operations Manager)
Acquisition of an operational wind farm in the UK
The Board of TRIG is pleased to announce that the Company has
acquired a 100% interest in Little Raith Wind Farm ("Little Raith"
or "the Project"), a 25MW operational wind farm located in Fife,
Scotland. Little Raith was acquired from local developer Kennedy
Renewables. The Project consists of nine 2.75MW GE turbines and GE
will continue to provide full-scope Operations and Maintenance
services.
Little Raith was commissioned in November 2012 and benefits from
Renewable Obligation Certificate ("ROC") accreditation, enabling it
to receive 1.0 ROC per MWh of energy produced until 2032. It has a
power purchase agreement with Statkraft Markets Gmbh effective from
the Project's commissioning date for a duration of 15 years.
The Project, which was acquired ungeared, represents
approximately 3% of TRIG's portfolio. The investment was financed
from the Company's cash resources following its recent fund
raise.
Enquiries
InfraRed Capital Partners Limited +44 (0) 20 7484 1800
Richard Crawford
Phil George
Tulchan Communications +44 (0) 20 7353 4200
Martin Pengelley
Notes
The Company
The Renewables Infrastructure Group ("TRIG" or the "Company") is
a leading London-listed renewable energy infrastructure investment
company. The Company seeks to provide shareholders with an
attractive long-term, income-based return with a positive
correlation to inflation by focusing on strong cash generation
across a diversified portfolio of predominantly operating projects.
TRIG is targeting an aggregate dividend of 6.64 pence per Ordinary
Share for the year to 31 December 2019.
TRIG is invested in a portfolio of 72 wind, solar and battery
storage projects with aggregate net generating capacity of 1,534MW.
TRIG is seeking further suitable investment opportunities which fit
its stated Investment Policy.
Further details can be found on TRIG's website at
www.trig-ltd.com.
Investment Manager
TRIG's Investment Manager is InfraRed Capital Partners Limited
("InfraRed") which has successfully invested in over 200
infrastructure projects since 1997. InfraRed is a leading
international investment manager focused on infrastructure and real
estate. It operates worldwide from offices in London, Hong Kong,
New York, Seoul and Sydney. With over 170 professionals it manages
in excess of USD 12 billion of equity capital in multiple private
and listed funds, primarily for institutional investors across the
globe. InfraRed is authorised and regulated by the Financial
Conduct Authority.
The infrastructure investment team at InfraRed consists of over
85 investment professionals, all with an infrastructure investment
background and a broad range of relevant skills, including private
equity, structured finance, construction, renewable energy and
facilities management.
InfraRed implements best-in-class practices to underpin asset
management and investment decisions, promotes ethical behaviour and
has established community engagement initiatives to support good
causes in the wider community. InfraRed is a signatory of the
Principles of Responsible Investment.
Further details can be found on InfraRed's website at
www.ircp.com.
Operations Manager
TRIG's Operations Manager is Renewable Energy Systems ("RES"),
the world's largest independent renewable energy company.
RES has been at the forefront of wind energy development for
over 35 years, with the expertise to develop, engineer, construct,
finance and operate projects around the globe. RES has developed or
constructed onshore and offshore wind, solar, energy storage and
transmission projects totalling more than 16GW in capacity. RES'
operational asset portfolio exceeds 3.5GW worldwide for a large
client base. Headquartered in Hertfordshire, UK, RES is active in
10 countries and has over 2,000 employees engaged in renewables
globally.
RES is an expert at optimising energy yields, with a strong
focus on safety and sustainability. Further details can be found on
the website at www.res-group.com.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
ACQZMMZGLZMGLZG
(END) Dow Jones Newswires
October 22, 2019 05:23 ET (09:23 GMT)
The Renewables Infrastru... (LSE:TRIG)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024
The Renewables Infrastru... (LSE:TRIG)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024