Nov. 28 (Bloomberg) — The Renewables Infrastructure Group
Ltd., a clean energy fund, bought a wind farm in Ireland for
17.3 million euros ($22 million).
TRIG bought the 25.3-megawatt operational wind farm in
County Cork from Renewable Energy Systems Ltd., Guernsey-based
TRIG said today in an e-mailed statement. It takes its total
portfolio of onshore wind and solar plants to about 439
megawatts, it said.
“Taurbeg is an unlevered project with an attractive yield
and operating history,” said Richard Crawford, a partner at
InfraRed Capital Partners Ltd., TRIG’s investment manager.
“With nine project acquisitions completed in 2014, TRIG has
increased its generating capacity in aggregate by more than 50
percent this year, providing further benefits of diversification
and scale, and generating sustainable returns for investors.”
TRIG raised 300 million pounds in July last year to invest
in solar and onshore wind in the U.K., France and Ireland.
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Tony Barrett, Alex Devine