# Renewables Infrastructure Group acquires Grönhult onshore wind farm

- Link: https://www.directorstalkinterviews.com/renewables-infrastructure-group-acquires-gronhult-onshore-wind-farm/412960919
- Published: 2021-02-12T07:10:37+00:00
- Author: Amilia Stone

**Renewables Infrastructure Group Ltd** (LON:TRIG), a London-listed investment company
advised by InfraRed Capital Partners as Investment Manager and RES as Operations
Manager has announced that the Company has acquired Grönhult, a 67.2 MW ready-to-
build onshore wind farm located in the southwest of Sweden. Grönhult is being acquired
from Vattenfall, the leading Swedish utility and a major developer of renewables,
who will also manage the construction process. The Project will consist of 12 Vestas
5.6MW turbines with construction starting in Q2 2021. The Project is expected to
become operational at the end of Q4 2022. 

On completion, the Project is expected to represent approximately 3% of TRIG’s portfolio
value on a fully committed basis and investments in Sweden will account for 10% 
of TRIG’s portfolio. This acquisition takes the Company’s exposure to construction
projects to approximately 6% of the portfolio value.

Grönhult will receive market based revenues once operational and the Investment 
Manager will consider a range of power price hedging strategies. The Project is 
expected to benefit from increasing electricity demand through greater electrification
of transport and the expansion of other energy intensive industries such as data
centres in and around Stockholm and Gothenburg. Construction will be funded through
equity investment rather than with  project debt.

> **Richard Crawford, Director, Infrastructure at InfraRed Capital Partners, said:**
> “We are pleased to expand our presence in Sweden with high quality partners. The
> Nordic region represents a key market for the Company with a strong pipeline and
> favourable economics for onshore wind.”

Renewables Infrastructure Group 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.

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