Renewables Infrastructure Group Buys U.K. Solar Power Plant

(Bloomberg) — The Renewables Infrastructure Group Ltd., a
London-based clean energy fund, bought a solar power plant in
southwest England for 8.6 million pounds ($12.8 million).

The 7.2-megawatt project near Truro in Cornwall started
working in January and it has a 25-year life, TRIG said Monday
in an e-mailed statement. The acquisition takes TRIG’s portfolio
to 30 projects totaling about 446 megawatts of capacity, it
said.

“With a strong base of 30 fully operational onshore wind
and solar photovoltaic projects in the U.K., Ireland and France,
TRIG is well-positioned to provide investors with the benefits
of further scale and diversification through judicious portfolio
acquisitions in our markets of focus,” said Richard Crawford, a
partner at InfraRed Capital Partners Ltd., TRIG’s investment
manager.

TRIG raised 300 million pounds in July 2013 to invest in
solar and onshore wind in the U.K., France and Ireland.

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
Randall Hackley

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