The Renewables Infrastructure Group (TRIG) has agreed to buy a 51% interest in the 12MW Midi solar park in southern France.
The UK listed fund will pay €10.6m for the stake from investment funds managed by 123Venture, it said.
French developer Akuo Energy, which completed the plant in 2012, will continue to hold a 49% interest in the facility as well as operation and maintenance services.
The project benefits from a power purchase agreement with EDF expiring in 2032.
The transaction takes the net generating capacity of TRIG’s portfolio to 686MW.
Image: sxc
