Renewables Infrastructure Grp (The) Acquisition of Neilston Community Wind Farm (5122E)
May 09 2017 - 1:00AM
UK Regulatory
TIDMTRIG
RNS Number : 5122E
Renewables Infrastructure Grp (The)
09 May 2017
9 May 2017
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 as Operations Manager)
Acquisition of Neilston Community Wind Farm
The Board of TRIG is pleased to announce that the Company has
completed the acquisition of a 100% interest in a UK operational
wind farm, Neilston Community Wind Farm (the "Project"), a 10MW
onshore wind project in East Renfrewshire, Scotland.
The Project has been acquired by TRIG from the private developer
Carbon Free and Neilston Development Trust for a total
consideration of GBP22.6 million without any third-party project
debt. The Project has been accredited under the UK's 20--year 1.0
ROC per MWh support scheme and has been operating for four years.
The Project comprises four Nordex N90 wind turbine generators, each
with a rated capacity of 2.5MW, and bene ts from a power purchase
agreement with Statkraft.
TRIG's investment in the Project has been nanced from the
proceeds of the recent equity raising under TRIG's share issuance
programme. The investment increases TRIG's portfolio to 54 projects
with aggregate net generating capacity of 720MW.
Enquiries
InfraRed Capital Partners Limited +44 (0) 20 7484 1800
Richard Crawford
Matt Dimond
Tulchan Communications +44 (0) 20 7353 4200
Martin Pengelley
Latika Shah
This information is provided by RNS
The company news service from the London Stock Exchange
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