Renewables Infrastructure Grp (The) Announcement by TRIG's co-investor (9242E)
February 14 2018 - 12:18PM
UK Regulatory
TIDMTRIG
RNS Number : 9242E
Renewables Infrastructure Grp (The)
14 February 2018
14 February 2018
The Renewables Infrastructure Group Limited
("TRIG" or the "Company")
Announcement by TRIG's co-investor in the Fred. Olsen UK Wind
Portfolio
The Board of TRIG notes the full year 2017 results announcement
today by Bonheur ASA, a member of the Fred. Olsen group of
companies and the Company's co-investor in six of TRIG's UK wind
portfolio projects, namely Crystal Rig I & II, Rothes I &
II, Mid Hill and Paul's Hill (together, the "Fred. Olsen UK Wind
Portfolio").
The announcement includes reference to historic production
performance of the Fred. Olsen UK Wind Portfolio in which TRIG has
a 49% equity investment and a mezzanine note. The Fred. Olsen UK
Wind Portfolio represents approximately one quarter of TRIG's
portfolio by value.
Bonheur ASA reported that the Fred. Olsen UK Wind Portfolio
produced gross generation of 1,157GWh for 2017 representing an
increase of 21% over 2016.
While some short-term variability in production is to be
expected during the year from intermittent energy sources such as
wind and solar, over the longer term, TRIG's portfolio has
performed at close to predicted levels of production. On the whole,
over 2017 wind levels in Scotland (where the Fred. Olsen UK Wind
Portfolio is wholly located) have been higher than the long-term
average. As usual, performance for TRIG's portfolio as a whole,
across all geographic regions, will be reported in the Company's
annual results due to be announced on the 20th February 2018.
Enquiries
InfraRed Capital Partners Limited +44 (0) 20 7484 1800
Richard Crawford
Matt Dimond
Tulchan Communications +44 (0) 20 7353 4200
Martin Pengelley
Latika Shah
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCFKQDDOBKDOBD
(END) Dow Jones Newswires
February 14, 2018 12:18 ET (17:18 GMT)
The Renewables Infrastru... (LSE:TRIG)
Historical Stock Chart
From Apr 2024 to May 2024
The Renewables Infrastru... (LSE:TRIG)
Historical Stock Chart
From May 2023 to May 2024