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Renewables Infrastructure Group Buys 3 U.K. Solar Farms

The Renewables Infrastructure Group Ltd. agreed to buy three U.K. solar farms from a venture between British Solar Renewables Ltd. and Banco Santander SA.

The photovoltaic farms total 56.6 megawatts of generation capacity and are valued at 73.7 million pounds ($124 million), the group said today in an e-mailed statement. The final amount to be paid depends on the performance of the plants, it said.