Renewables Infrastructure Grp (The) Acquisition of Neilston Community Wind Farm (5122E)

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                              [phone] 

Richard Crawford

Matt Dimond

   Tulchan Communications                                           [phone] 

Martin Pengelley

Latika Shah

This information is provided by RNS

The company news service from the London Stock Exchange

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May 09, 2017 02:00 ET (06:00 GMT)