TRIG acquires two onshore wind farms
The Renewables Infrastructure Group Limited (TRIG), a London-listed investment company advised by InfraRed Capital Partners, has agreed to acquire 50% interest in two Swedish onshore pre-construction wind farms, Ranasjö and Salsjö. The projects are located in central Sweden and have a combined capacity of 242MW. The acquisition is subject to certain conditions being satisfied, including entering into final agreements for the construction of the wind farms. The transaction is expected to complete by July 2021.
TRIG has partnered with InfraRed European Infrastructure Income Fund 4 which will acquire a 50% interest in the project alongside TRIG.
Construction is expected to commence in Q3 2021 and to be completed in the first half of 2024, with each wind farm using Siemens Gamesa 170 6.2MW turbines with Siemens providing O&M services under a 30-year agreement.
Once operational, the wind farms will provide enough clean energy to power the equivalent of more than 45,000 homes.
TRIG was advised by Mannheimer Swartling in the transaction