Our new website is coming soon, give it a try now and let us have your feedback. Take me to the Beta

Email Facebook Twitter

TSX Lithium explorer International Lithium Corp prepares to drill at Raleigh Lake
Exclusive: Hardman & Co Investor Forum - Severn Trent, Calculus Capital, Volta Finance, Residential

Regulatory News

Announcement by TRIG's co-investor

Tue, 12th Feb 2019 17:14

RNS Number : 7762P
Renewables Infrastructure Grp (The)
12 February 2019

12 February 2019

The Renewables Infrastructure Group Limited

("TRIG" or the "Company")

Announcement by TRIG's co-investor in the Fred. Olsen UK wind portfolio

The Board of TRIG notes the announcement made by Bonheur ASA today in respect of its 2018 results. Bonheur ASA owns 100% of Fred. Olsen Renewables AS, TRIG's co-investor in six of TRIG's UK wind portfolio projects namely Crystal Rig I & II, Rothes I & II, Mid Hill and Paul's Hill all located in Scotland (together, the "FO/TRIG UK Wind Portfolio"). TRIG has a 49% equity investment in the FO/TRIG UK Wind Portfolio and a mezzanine note. The six assets represent approximately 20% of TRIG's portfolio by value.

The announcement includes reference to historic production performance of Fred. Olsen's portfolio of nine UK operating wind assets that Fred. Olsen own in a co-investment capacity ("the FO JV assets"). Six out of the nine assets constitute the FO/TRIG UK Wind Portfolio. Bonheur ASA reported that in 2018, generation for the FO JV assets had increased. This increase in generation can be attributed to increased capacity in the FO JV portfolio from 433MW at the end of 2017 to 508MW at the end of 2018. The FO/TRIG UK Wind Portfolio has the same capacity in 2018 as it did in 2017, amounting to 433MW.

As usual, performance for TRIG's portfolio for 2018, across all geographic regions, will be reported in the Company's annual results which will be announced on 19 February 2019.


InfraRed Capital Partners Limited +44 (0) 20 7484 1800

Richard Crawford

Phil George

Tulchan Communications +44 (0) 20 7353 4200

Martin Pengelley

Toby Bates

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

Related Shares:

Back to Regulatory News

Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk

Home  |  Contact Us  |  About Us  |  Advertise with Us  |  Sitemap  |  Terms & Conditions  |  Cookies  |  Privacy  |  Mobile Site  |  About this website design

Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.