Completion of Acquisition

RNS Number : 5056L

Renewables Infrastructure Grp (The)

13 August 2013

 



13 August 2013

The Renewables Infrastructure Group Limited

Completion of Acquisition

The Board of The Renewables Infrastructure Group Limited ("TRIG" or the Company and together with its corporate subsidiaries, the "Group") is pleased to announce that the Group has successfully completed the acquisition of the Initial Portfolio, as set out in the Company's IPO Prospectus dated 5 July 2013.

The Group's investments now comprise 100% ownership of 18 operational wind and solar PV projects in the UK, Republic of Ireland and France.

Ends

Enquiries

Canaccord Genuity Limited                                         [phone]

Robbie Robertson

Dominic Waters

Neil Brierley

Will Barnett

Jefferies International Limited                                    [phone]

Gary Gould

Stuart Klein

Mark James

Tom Harris

The Renewables Infrastructure Group Limited

The Company is a long term investor in renewable energy projects and is seeking to provide investors with long-term, inflation-linked, stable dividends, whilst preserving the capital value of its investment portfolio through investment, principally in a range of operational assets which generate electricity from renewable sources, with a particular focus on onshore wind farms and solar PV parks.

It currently owns a portfolio of 18 distinct wholly-owned assets in the UK, France and the Republic of Ireland. 14 of the assets are operating onshore wind projects (representing generating capacity of approximately 256 MWs) and four of the assets are operating solar PV projects (representing generating capacity of approximately 20 MWs), with a weighted average operational history of approximately five years. 

The Group is seeking further suitable investment opportunities which fit its stated Investment Policy.

Further details of the Company can be found on its website www.trig-ltd.com .

 

END

 

 

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