REG - Renew Infra Grp Ld - Directorate Change

Renewables InfrastructureAnnouncement

20/06/2022 07:00

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RNS Number : 3341P  Renewables Infrastructure Grp (The)  20 June 2022

 

 

20 June 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 RES
("Renewable Energy Systems") as Operations Manager)

Appointment of non-executive Director and succession of Chairmanship

The Board announces that Richard Morse will be appointed as a non-executive
director of the Company with effect from 18 July 2022. Richard will then
succeed Helen Mahy as Chairman of TRIG in Q4 2022 following a transition
period.

Richard brings extensive experience in sustainable and regulated
infrastructure investment, with a particular focus on the energy sector. He is
a partner at Opus Corporate Finance, and was previously a partner at Greenhill
& Co, a managing director at Goldman Sachs, and Deputy Director General at
Ofgem. He also brings a wealth of experience in investment company governance,
having been Chairman of JLEN Environmental Assets Group since its IPO in 2014.

The Board also announces that Tove Feld will assume the role of Senior
Independent Director from John Whittle, who was recently appointed Chairman of
the Audit Committee.

Helen Mahy CBE, Chairman of TRIG, said: "I am delighted to welcome Richard to
the TRIG Board. He brings a wealth of relevant experience and is well placed
to lead the Board in the future, as the Company continues to support the
energy transition across Europe"

Richard Morse said: "I am extremely pleased to be joining the Board of TRIG. I
look forward to working with InfraRed and RES to continue delivering
sustainable returns from the Company's diversified portfolio of renewables
infrastructure."

There are no other matters to disclose in accordance with LR9.6.13R of the
FCA's Listing Rules.

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

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
(http://www.trig-ltd.com) .

 

Investment Manager

 

TRIG's Investment Manager 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, Hong Kong, 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 100 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 at www.ircp.com
(http://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 (http://www.res-group.com/) .

 

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