(Bloomberg) — The Renewables Infrastructure Group Ltd., a
London-based clean-energy fund, said it’s raised 110 million
pounds ($164 million) to invest in a pipeline of “attractive”
opportunities.
The fund raised the money through the sale of 107.5 million
shares priced at 102.25 pence each, it said Monday in an e-mailed statement.
TRIG raised 300 million pounds in 2013 to buy wind and
solar-power plants. It currently owns onshore wind farms and
solar parks across the U.K., France and Ireland. The fund is
managed by InfraRed Capital Partners Ltd. It has the rights to
buy projects built by Renewable Energy Systems Ltd., a developer
of renewable-electricity facilities.
To contact the reporter on this story:
Louise Downing in London at
ldowning4@bloomberg.net
To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Ana Monteiro, Dylan Griffiths