TIDMTRIG
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 +44 (0) 20 7484 1800
Richard Crawford
Phil George
Minesh Shah
Mohammed Zaheer
Maitland/AMO +44 (0) 20 7379 5151
Rhys Jones
Charles Withey
Investec Bank Plc +44 (0) 20 7597 4000
Lucy Lewis
Tom Skinner
Denis Flanagan
BNP Paribas +44 (0) 20 7595 9444
Virginia Khoo
Carwyn Evans
- ENDS -
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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