Appointment of a new Director

RNS Number : 2983C

Renewables Infrastructure Grp (The)

18 June 2021

 

18 June 2021

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)

Appointment of new Director

The Board of Directors of TRIG, the listed UK investment company managed by InfraRed and RES, is pleased to announce the appointment of John Whittle as a non-executive director, with effect from 1 July 2021. This appointment has been made following a comprehensive search carried out by a third-party recruitment consultant.

John Whittle is a Fellow of the Institute of Chartered Accountants in England and Wales and holds the Institute of Directors Diploma in Company Direction. He is a non-executive Director of Starwood European Real Estate Finance Ltd (LSE), Globalworth Real Estate Investments Limited, Sancus Lending Group Ltd (both listed on AIM) and Chenavari Toro Income Fund Limited (listed on the SFS segment of the Main Market of the London Stock Exchange). Prior to these roles, John was Senior Independent Director and Audit Committee Chair at International Public Partnerships Ltd (INPP), the FTSE 250 infrastructure investment company. In his executive career, amongst other senior roles, John served as Finance Director of Close Fund Services and CEO of Hugh Symons Group PLC.

It is intended that John will take on the Audit Committee Chairmanship in due course upon the retirement of Jon Bridel from the TRIG Board.

Helen Mahy, Chairman of TRIG, said: "I am very pleased to welcome John to the Board. John has a distinguished career and brings a wealth of relevant experience to the TRIG Board, particularly from his role as Audit Chair at INPP. John's background compliments the existing Board's skills well and his appointment aids the process of Board transition as the original directors approach their ninth anniversaries with TRIG."

Enquiries

InfraRed Capital Partners Limited  [phone]
Richard Crawford
Phil George

Minesh Shah

Mohammed Zaheer

Maitland/AMO  [phone]
Neil Bennett

Zara de Belder

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 over 75 wind, solar and battery storage projects with aggregate net generating capacity of over 1.9GW, enough renewable power for over one million homes and displacing over 1.3 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

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, Sydney and Mexico City. With over 190 professionals it manages in excess of USD 12 billion 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 at 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 38 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 6.3GW 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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