Renewables Infrastructure Raises $200 Million in Share Issue

(Bloomberg) — The Renewables Infrastructure Group Ltd., a
clean-energy fund, raised 127.8 million pounds ($200 million)
through a share issue.

The proceeds will help reduce the amount drawn under the
acquisition facility the group used to partly fund the purchase
of six onshore wind farms in Scotland, the London-based company
said in a statement. The shares are valued at 101 pence each.

TRIG was forced to postpone the placement last week
following the U.K. government’s decision to extend a climate-change levy to renewable producers. The shares were issued about
4 pence below their valuation before the policy change, a move
the company announced last week in a statement.

“We are pleased with the results of the placing, which
follows the 110 million pounds raised in the spring,” Helen
Mahy, non-executive chairman of TRIG, said Friday in an e-mailed
statement.

To contact the reporter on this story:
Alex Longley in London at
alongley@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Randall Hackley, Andrew Reierson

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