Renewables Infra Fund Targets More Solar as Raise Near

The Renewables Infrastructure Group Ltd., a U.K. fund that listed in July, aims to increase its share of solar assets as it invests as much as 200 million pounds ($333 million) a year, its investment manager said.

Solar plants could represent as much as a third of its portfolio, up from 17 percent now, Richard Crawford, a director at its investment manager InfraRed Capital Partners Ltd., said by phone. TRIG, which has raised 310 million pounds and aims to issue shares in March, may invest 100 million pounds to 200 million pounds in wind and solar projects a year, he said.