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The Renewables Infrastructure Group (Trig) has almost doubled its net generating capacity after investing £246 million in a six onshore windfarms in Scotland.
Trig has acquired a 49 per cent equity stake in the windfarms’ holding company, Fred Olsen Renewables, bringing its portfolio generating capacity up to 658MW.
The fund has bought stakes in the Crystal Rig 1 and 2 windfarms in East Lothian, the Rothes 1 and 2 and the Paul’s Hill windfarms in Moray, and the Mid Hill windfarm in Aberdeenshire.
All of the projects benefit from the Renewable Obligation Certificate (Roc) scheme and are accredited with 1Roc/MWh, except for the Mid Hill which received 0.9Roc/MWh.
Trig’s 36 project portfolio is 74 per cent onshore windfarms, with the remainder being solar projects.
InfraRed Capital Partners director Richard Crawford, investment manager to Trig, said: “This is a major expansion in the size of Trig’s business, increasing the portfolio by approximately half and bringing further advantages of scale and project diversification to Trig’s investors.”
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