Greig Cameron
Deputy Business Editor
THE Renewables Infrastructure Group (TRIG) plans to raise at least £85
million through a share placing so it can buy more assets including another
wind farm in Scotland.
The company said it may choose to raise up to £120m depending on how its
pipeline of potential purchases progresses. The £85m would cover the price
of two solar and three onshore wind facilities in the UK and Ireland.
Included within that is the 12 turbine Meikle Carewe wind farm near
Stonehaven which is currently owned by RES Group.
The other proposed wind farm purchases are in Cumbria and Rockchapel,
County Cork in Ireland.
Both solar parks are still under construction in the south of England but
are expected to begin operating by the end of this month.
The five new assets would give TRIG an additional 78 megawatts of
generating capacity and taking its overall capacity to 366MW.
It said it is also in discussions about buying other assets which
collectively generate more than 200MW.
TRIG already owns wind farms in Caithness, Moray and Ayrshire which it
bought as part of its first portfolio of 14 assets. It raised £300m through
an initial public offering last year to fund that purchase.
Separately, Eneco UK has bought the Burn of Whilk wind farm near Wick from
RWE Innogy UK.
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