Succession of Chairman of the Board

RNS Number : 5450E

Renewables Infrastructure Grp (The)

31 October 2022

 

 

31 October 2022

The Renewables Infrastructure Group Limited

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

Succession of Chairman of the Board

Helen Mahy CBE, who has served as Chairman of the Board of Non-Executive Directors of TRIG since the Company's IPO in 2013, retires from her position on 31 October 2022. The Company's Directors and Managers extend their thanks to Ms Mahy for her substantial contribution to the success of TRIG and the Company's governance.

Richard Morse, who joined the TRIG Board as a Non-executive Director and Chairman Elect on 18 July 2022, will succeed Helen Mahy as Chairman of TRIG. Mr Morse has extensive experience in sustainable and regulated infrastructure investment, with a particular focus on the energy sector. He also has a wealth of experience in investment company governance, having been Chairman of JLEN Environmental Assets Group since its IPO in 2014, before retiring from the JLEN Board on 15 July 2022.

Richard Morse, said: "On behalf of TRIG's Board of Directors, thank you to Helen for her chairmanship of TRIG, her service to TRIG's shareholders, and her championing of sustainability and the net zero transition. I look forward to working with my fellow directors, InfraRed and RES to continue delivering sustainable returns from TRIG's diverse portfolio of renewables infrastructure."

Richard Crawford, Partner, Head of Energy Income Funds, InfraRed, said: "On behalf of TRIG's Managers, I would like to thank Helen for her guidance and oversight over the nine years we have worked together. We wish her all the best for the future. With recent appointments made by the Board, we continue to benefit from a highly experienced and specialised non-executive Board."

Enquiries

InfraRed Capital Partners Limited  [phone]
Richard Crawford
Phil George

Minesh Shah

Mohammed Zaheer

Maitland/AMO  [phone]
Rhys Jones

Charles Withey

Investec Bank Plc   [phone]
Lucy Lewis

Tom Skinner

Denis Flanagan

BNP Paribas   [phone]
Virginia Khoo

Carwyn Evans

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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 invested in a portfolio of wind, solar and battery storage projects across six countries in Europe with aggregate net generating capacity of over 2.4GW; enough renewable power for 1.7 million homes and to avoid over 2 million tonnes of carbon emissions per annum. 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

The Investment Manager to TRIG is InfraRed Capital Partners Limited ("InfraRed") which has successfully invested in infrastructure projects since 1997. InfraRed is a leading international investment manager, operating worldwide from offices in London, New York, Seoul and Sydney and managing 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 110 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

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 40 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 22GW in capacity. RES supports over 9.5GW of operational assets worldwide for a large client base. Headquartered in Hertfordshire, UK, RES is active in 11 countries and has over 3,000 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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