INFI.L Share News (INFI)

Renewable energy company Infinis Energy has reached a deal to acquire an 18.5 megawatt consented onshore wind farm project in Northumberland from Peel Group.Along with the 8 megawatt Sisters Wind Farm project developed by Infinis, which neighbours the newly-acquired project, the facility is at an advanced stage of construction and the London-listed company said it expects grid energisation to take place in June next year.Last week, the Department of Energy and Climate Change said new onshore windfarms will be excluded from a subsidy scheme from 1 April 2016."We are driving forward our commitment to end new onshore wind subsidies and give local communities the final say over any new wind farms," said Energy and Climate Change Secretary Amber Rudd.Infinis Energy shares were up 1.02% to 199.00p at 11:42 on Tuesday.