Transactions - SEPTEMBER 9, 2022

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TRIG to acquire rights to three battery-storage sites in England

by Kali Persall

The Renewables Infrastructure Group (TRIG), a London-listed investment company advised by InfraRed Capital Partners as investment manager and renewable energy systems as operations manager, has exchanged contracts to acquire the right to develop three battery-storage sites in North England.

Once constructed, two of the projects — totaling 165 megawatts — are scheduled for grid connection and commencement of operations in 2024 and 2025. Once the first two projects are built, the investment will represent about 4 percent of the portfolio, by value. The third site, which has a capacity for 85 megawatts, will be built later in line with its grid connection date, which is in 2029 (although that date could be earlier).

The sites, which have been developed by and were acquired from Aura Power Developments, each have land rights, planning permission and grid connection agreements secured. RES is being contracted to develop the projects by procuring equipment and constructi

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