The Renewables Infrastructure Group (TRIG) investment manager InfraRed is in advanced negotiation for over 250MW of clean power assets “including a substantial investment opportunity in an offshore wind farm”.
TRIG recently took a 14.3% share in the 714MW East Anglia 1 offshore wind farm (pictured), its fourth investment in the sector.
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The company said it is also planning a new share issue aimed at raising £200m in gross proceeds for further acquisitions to its portfolio.
Between 63,745,326 and 174,192,585 ordinary shares would be issued at a price of £1.25 a share, pending shareholder approval of the larger figure.
The results of the issue are expected on 27 November.