REG - Renew Infra Grp Ld - Succession of Chairman of the Board

Renewables InfrastructureAnnouncement

31/10/2022 07:00

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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
(http://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
(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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