REG - Renew Infra Grp Ld - TRIG signs 10-year PPA with Virgin Media O2

Renewables InfrastructureAnnouncement

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RNS Number : 3527D  Renewables Infrastructure Grp (The)  15 October 2025

 

 

15 October 2025

The Renewables Infrastructure Group Limited

"TRIG" or "the Company", a London-listed renewables investment company advised
by InfraRed Capital Partners ("InfraRed") as Investment Manager and Renewable
Energy Systems ("RES") as Operations Manager.

TRIG signs 10-year PPA with Virgin Media O2

TRIG announces that it has entered into a corporate Power Purchase Agreement
("PPA") for its Garreg Lwyd and Earlseat onshore wind farms with Telefonica UK
/ Virgin Media O2 ("VMO2"). Pricing has been agreed for the duration of the
10-year PPA on pay-as-produced terms. The new PPA provides TRIG with long-term
price security while delivering VMO2 a supply of renewable power at an agreed
price.

Located in Wales and Scotland respectively, the wind farms have a combined
generational capacity of 50MW. The projects are managed by RES, TRIG's
operations manager.

Minesh Shah, Managing Director for The Renewables Infrastructure Group said:
"Actively managing project revenues is one of the key growth levers for TRIG.
We are therefore pleased to be entering into this corporate power purchase
agreement with Virgin Media O2. Such agreements present an attractive
opportunity to support businesses in accessing renewable electricity at a
fixed price, while delivering secure, long-term revenue streams for our
shareholders - a structure that benefits both commercial decarbonisation and
sustainable investment."

Enquiries

InfraRed Capital Partners Limited                        +44 (0)
20 7484 1800

Minesh Shah

Phil George

Mohammed Zaheer

 

Brunswick
+44 (0) 20 7404 5959 / TRIG@brunswickgroup.com

Diana Vaughton

Charles Malissard

 

Investec Bank
Plc
+44 (0) 20 7597 4000

Lucy Lewis

Tom Skinner

 

BNP
Paribas
+44 (0) 20 7595 9444

Virginia Khoo

Carwyn Evans

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 markets in Europe with a net operational capacity of 2.3GW; enough
renewable power for 1.8 million homes and to avoid 2.0 million tonnes of
carbon emissions per annum.

 

Further details can be found on TRIG's website at www.trig-ltd.com
(http://www.trig-ltd.com) .

Investment Manager

InfraRed is a leading international mid-market infrastructure asset manager.
Over the past 25 years, InfraRed has established itself as a highly successful
developer, particularly in early-stage projects, and an active steward of
essential infrastructure.

InfraRed manages US$13bn of equity capital(1) for investors around the globe
in listed and private funds across both core and value-add strategies.

InfraRed combines a global reach, operating worldwide from offices in London,
Frankfurt, Madrid, New York, Sydney and Seoul, with deep sector expertise from
a team of more than 160 people.

InfraRed is part of SLC Management, the institutional alternatives and
traditional asset management business of Sun Life, and benefits from its scale
and global platform.

For more information, please visit www.ircp.com. (https://www.ircp.com/)

(1) Uses five-year average FX as at 31 December 2024 of GBP/USD of 1.2818;
EUR/USD 1.1092. EUM is USD 13.186bn

Operations Manager

TRIG's Operations Manager is RES ("Renewable Energy Systems"). RES is the
world's largest independent renewable energy company, working across 24
countries and active in wind, solar, energy storage, biomass, hydro, green
hydrogen, transmission, and distribution. An industry innovator for over 40
years, RES has delivered more than 24GW of renewable energy projects across
the globe and plans to bring more than 22GW of new capacity online in the next
five years.

As a service provider, RES has the skills and experience in asset management,
operations and maintenance (O&M), and spare parts - supporting 41GW of
renewable assets across 1,300 sites. RES brings to the market a range of
purposeful, practical technology-based products and digital solutions designed
to maximise investment and deployment of renewable energy. RES is the power
behind a clean energy future where everyone has access to affordable zero
carbon energy bringing together global experience, passion, and the innovation
of its 4,500 people to transform the way energy is generated, stored and
supplied.

Further details can be found on the website at www.res-group.com
(http://www.res-group.com/) .

 

 

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