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TRIG buys two French wind farms for 28m
The Renewables Infrastructure Group (TRIG) said it had bought two onshore wind farms in Northern France for 28m.
The wind farms, at Meuse and Aisne, are currently being built and expected to be operational in the fourth quarter of 2018 when they will have a combined operating capacity of 31.8MW, TRIG said.
Once the projects are operational, TRIG will have 140MW of generation capacity in France, which is 15% of the existing portfolio by capacity.
"The projects will benefit from the attractive French subsidy arrangements underpinning contracted index linked revenues per MWh generated," TRIG said.
The Projects were acquired from TRIG's Operations Manager, RES. The investment was funded from the group's revolving acquisition facility, following which stands at £113m.