Renewables Infrastructure Grp (The) Directorate Change (3341P)
20 June 2022 - 4:00PM
UK Regulatory
TIDMTRIG
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 .
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 .
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 .
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