Investment Manager

RNS Number : 2386X

Renewables Infrastructure Grp (The)

18 December 2019

 

18 December 2019

The Renewables Infrastructure Group Limited

("TRIG" or "the Company", a London-listed investment company advised by InfraRed Capital Partners ("InfraRed") as Investment Manager and RES ("Renewable Energy Systems") as Operations Manager)

Investment Manager

The Board of TRIG notes the announcement made today regarding Sun Life Financial's acquisition of a majority stake in the ultimate parent company of InfraRed Capital Partners Limited ("InfraRed"), the Company's Investment Manager.*  The transaction is part of InfraRed's strategy to grow its infrastructure investment business in North America, with a focus on investing in renewable energy.  See www.ircp.com/news.

The Board notes InfraRed's statement and has been assured that the transaction will not affect InfraRed's continued performance of its role as Investment Manager; and that InfraRed's management resources and support for TRIG will be unaffected.    

* The transaction is subject to regulatory approvals and customary conditions to closing.

Enquiries

InfraRed Capital Partners Limited                              [phone]
Richard Crawford
Phil George

Maitland/AMO                                                             [phone]
James Isola

Zara de Belder

Investec Bank Plc Lucy Lewis Denis Flanagan	[phone]
Liberum Capital Limited Chris Clarke Gillian Martin	[phone]

Notes

The Company

The Renewables Infrastructure Group ("TRIG" or the "Company") is a leading London-listed renewable energy infrastructure investment company. The Company seeks to provide shareholders with an attractive long-term, income-based return with a positive correlation to inflation by focusing on strong cash generation across a diversified portfolio of predominantly operating projects. TRIG is targeting an aggregate dividend of 6.64 pence per Ordinary Share for the year to 31 December 2019.

TRIG is invested in a portfolio of over 70 wind, solar and battery storage projects with aggregate net generating capacity of 1,629MW. TRIG is seeking further suitable investment opportunities which fit its stated Investment Policy.

Further details can be found on TRIG's website at www.trig-ltd.com.

Investment Manager (InfraRed Capital Partners)

TRIG's Investment Manager is InfraRed Capital Partners Limited ("InfraRed"), which has successfully invested in over 200 infrastructure projects since 1997. InfraRed is a leading international investment manager focused on infrastructure and real estate. It operates worldwide from offices in London, Hong Kong, New York, Seoul and Sydney. With over 175 professionals it manages in excess of US$12bn of equity capital in multiple private and listed funds, primarily for institutional investors across the globe. InfraRed is authorised and regulated by the Financial Conduct Authority.

The infrastructure investment team at InfraRed consists of over 85 investment professionals, all with an infrastructure investment background and a broad range of relevant skills, including private equity, structured finance, construction, renewable energy and facilities management.

InfraRed implements best-in-class practices to underpin asset management and investment decisions, promotes ethical behaviour and has established community engagement initiatives to support good causes in the wider community. InfraRed is a signatory of the Principles of Responsible Investment.

Further details can be found on InfraRed's website www.ircp.com. 

Operations Manager (RES)

TRIG's Operations Manager is RES ("Renewable Energy Systems"), the world's largest independent renewable energy company.

RES has been at the forefront of wind energy development for over 37 years, with the expertise to develop, engineer, construct, finance and operate projects around the globe. RES has developed or constructed onshore and offshore wind, solar, energy storage and transmission projects totalling more than 17GW in capacity. RES supports over 5.5GW of operational assets worldwide for a large client base. Headquartered in Hertfordshire, UK, RES is active in 10 countries and has over 2,000 employees engaged in renewables globally.

RES is an expert at optimising energy yields, with a strong focus on safety and sustainability. Further details can be found on the website at www.res-group.com.

 

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