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  5. Renewables Infrastructure sells three Irish windfarms to Statkraft

Pin to quick picksRenewables Infrastructure Group Share News (TRIG)

Renewables Infrastructure Group Information

Share Price Information for Renewables Infrastructure Group (TRIG)

London Stock Exchange
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Share Price: 97.80
Bid: 97.40
Ask: 97.60
Change: 1.60 (1.66%)
Spread: 0.20 (0.205%)
Open: 97.40
High: 97.80
Low: 96.20
Prev. Close: 96.20
TRIG Live PriceLast checked at -
Renewables Infrastructure Group is an Investment Trust

To provide investors with long-term dividends while preserving the capital value of its investment portfolio through investment principally in operational assets which generate electricity from renewable energy sources.

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Renewables Infrastructure sells three Irish windfarms to Statkraft

Mon, 21st Aug 2023 08:00

(Alliance News) - Renewables Infrastructure Group Ltd on Monday announced it is selling three windfarms to hydropower-focused renewable energy generator company Statkraft AS.

Renewables Infrastructure, a Guernsey-based investor in renewable energy infrastructure projects, said the sales of the windfarms based in Ireland are for a total of EUR25 million, a 26% premium to the valuation of the windfarms as at December 31.

Oslo-based buyer Statkraft operates assets in hydropower, wind, solar, gas and biomass.

Renewables Infrastructure head of Energy Income Funds Richard Crawford said: "Balance sheet discipline is crucial in a challenging macro-economic environment. These accretive disposals underline the quality of the company's portfolio. We remain confident in TRIG's long-term strategy and continue to actively seek ways to deliver value for shareholders through capital allocation."

By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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