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TRIG acquisition Neilston Community Wind Farm

09 May 2017 07:35

The Renewables Infrastructure Group Ltd has completed the acquisition of a 100% interest in a UK operational wind farm, Neilston Community Wind Farm, a 10MW onshore wind project in East Renfrewshire, Scotland.

The Project was acquired from the private developer Carbon Free and Neilston Development Trust for a total consideration of £22.6m 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.

TRIG's investment in the project was ?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.

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Related Company: TRIG

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