TRIG widens UK solar exposure

The London Stock Exchange

TRIG raised £300m this summer via an IPO in London.

The Renewables Infrastructure Group (TRIG) has bought two PV parks in the UK for £21m ($34.5m), in its first project acquisitions since the batch it purchased following its initial public offering this summer.

The two ground-mount projects – a 7MW array in Somerset and a 5MW array on the Isle of Wight – serve to elevate PV’s position within the portfolio of TRIG, which is backed by the developer RES.

TRIG has acquired the 7MW Parsonage project in Somerset from a fund managed by Adiant Capital Partners, and the Marvel Farms array on the Isle of Wight from a group of local developers.

The latter project is undergoing a soon-to-be-completed extension, carried out by UK solar developer Lark Energy.

TRIG raised £300m this summer to acquire operational renewables projects, making Log in to read complete article.

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