The Renewables Infrastructure Group Limited - Acquisition of Neilston Community Wind Farm

IRCP Generic news
Category Infrastructure /
Date

The Renewables Infrastructure Group Limited (TRIG), managed by InfraRed Capital Partners, is pleased to announce 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 £22.6 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.

Please follow the link for the RNS issued by TRIG.