The Renewables Infrastructure Group Ltd., a London-based clean-energy fund, said it’s raised 110 million pounds ($164 million) to invest in a pipeline of “attractive” opportunities.
The fund raised the money through the sale of 107.5 million shares priced at 102.25 pence each, it said Monday in an e-mailed statement.
TRIG raised 300 million pounds in 2013 to buy wind and solar-power plants. It currently owns onshore wind farms and solar parks across the U.K., France and Ireland. The fund is managed by InfraRed Capital Partners Ltd. It has the rights to buy projects built by Renewable Energy Systems Ltd., a developer of renewable-electricity facilities.