Renewables Infrastructure Group Raising Money for Clean Power

(Bloomberg) — The Renewables Infrastructure Group Ltd., a
London-based clean energy fund, said it’s raising money through
a placing of new shares.

The fund is issuing shares at 102.25 pence apiece, it said
Monday in an e-mailed statement. It declined to disclose how
much it’s raising in total. The money will be used to enable it
to “take advantage of its pipeline of attractive investment
opportunities,” it said.

TRIG raised 300 million pounds ($443.6 million) in 2013 to
buy wind and solar power plants. It currently owns 14 onshore
wind farms and four 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-power plants.

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
Amanda Jordan

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