The Renewables Infrastructure Group (TRIG) shareholders have voted to allow the company to invest in more renewables projects outside of the UK.
An extraordinary general meeting passed a resolution to increase the 50% limit for investments in European countries including France, Ireland, Germany and Scandinavia to 65%.
Following the change, not more than 65% of TRIG’s portfolio value calculated at the time of investment may be placed in non-UK assets.
Investments will be made “where the directors, the investment manager and the operations manager believe there is a stable renewable energy framework”.
TRIG said last month the move is necessary to reflect the broader range and supply of projects available in mainland Europe.
The company has a portfolio of 71 projects in wind, solar PV, and battery storage assets located in the UK, Ireland, France, Sweden and Germany.