The Renewables Infrastructure Group (TRIG) has exchanged contracts to invest in the owner of more than 100MW of wind and solar assets in France and two of the country’s territorial islands.
Phoenix’s portfolio comprises five onshore wind farms in northern France with a combined capacity of 74MW and four operational solar parks with battery storage located on the islands of Corsica and La Reunion with a combined capacity of 29MW.
All the portfolio assets are backed by the French government’s feed-in tariff subsidy.
The investment is made in the form of mezzanine level bonds which are scheduled to be fully repaid within a period of 12 years, which is within the remaining subsidy life of the portfolio.
December 21, 2020 |
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Britain s wind turbines deliver new record amid blustery weather
The 18.8MW Tralorg wind farm was switched on in mid-November | Credit: RPMI Railpen
Wind power generation hit a new high of 17.3GW last week during short period when zero carbon electricity produced nearly three-quarters of output, National Grid ESO reveals
Wind power in Britain broke a yet another new record on Friday, when gusty winter weather saw the UK s growing fleet of onshore and offshore turbines produce nearly 17.3GW of power for the electricity.
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The latest news
The Low Carbon Contracts Company (LCCC) has announced that Contracts for Difference payments have started for two Scottish onshore wind farms, Tralorg and Solwaybank.
LCCC said both projects had reached the milestone of Operational Conditions Precedent (OCP) and so satisfied the eligibility criteria to start generating power and receive support.
The 18.8MW Tralorg wind farm, located in South Ayrshire on the south west coast of Scotland, was acquired by RPMI Railpen in 2019, one of the UK’s top five pension funds, from BayWa, which constructed the project and will asset manage it.
The 30MW Solwaybank wind farm (
pictured) in Dumfries and Galloway is owned by The Renewables Infrastructure Group Limited and was constructed by RES who will retain a management role.
The Company The Renewables Infrastructure Group ( TRIG or the Company ) is a leading London-listed renewable energy infrastructure investment company. The Company seeks to provide shareholders with an attractive long-term, income-based return with a positive correlation to inflation by focusing on strong cash generation across a diversified portfolio of predominantly operating projects. TRIG is targeting an aggregate dividend of 6.76 pence per Ordinary Share for the year to 31 December 2020. TRIG is invested in a portfolio of over 70 wind, solar and battery storage projects with aggregate net generating capacity of over 1.6GW. TRIG is seeking further suitable investment opportunities which fit its stated Investment Policy.