The Renewables Infrastructure Group Limited Completes the Acquisition of a 41.2MW Operational Wind Farm; Announces Extension of Revolving Acquisition Facility
The company has an active pipeline of further projects under review for potential acquisition. In order to fund further acquisitions, the Group has increased the size of its revolving acquisition facility from £150 million to £240 million. Alongside the Group's existing lenders, Royal Bank of Scotland plc and National Australia Bank Limited, ING Group are providing additional lending capacity. The facility continues to operate on the same terms with the expiry date unchanged at 30 September 2019. Following the investment in the Clahane wind farm, TRIG is £148 million drawn on its revolving acquisition facility with £23 million of further construction and deferred payments expected to be made during 2018.