Investegate |Renew Infra Grp Ld Announcements | Renew Infra Grp Ld: Publication of a Prospectus and Circular investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.
The Renewables Infrastructure Group (TRIG) has acquired the over 67MW Gronhult wind farm in Sweden from Vattenfall for an undisclosed price.
The 67.2MW ready-to-build project is located in the southwest of the country and will consist of 12 Vestas 5.6MW turbines.
Vattenfall will continue to manage the construction process, which will start in the first quarter of this year.
Gronhult is expected to become operational at the end of 2022.
On completion, the project is expected to represent approximately 3% of TRIG s portfolio value on a fully committed basis and investments in Sweden will account for 10% of the portfolio.
This acquisition takes the company s exposure to construction projects to approximately 6% of the portfolio value, TRIG said.
Best of the Best
HarbourVest is an independent, global private markets investment specialist with over 35 years of experience and more than $74 billion in assets under management, as of September 30, 2020. The Firm’s powerful global platform offers clients investment opportunities through primary fund investments, secondary investments, and direct co-investments in commingled funds or separately managed accounts. HarbourVest has more than 675 employees, including more than 150 investment professionals across Asia, Europe, and the Americas. This global team has committed more than $43 billion to newly-formed funds, completed over $26 billion in secondary purchases, and invested over $18 billion directly in operating companies. Partnering with HarbourVest, clients have access to customized solutions, longstanding relationships, and actionable insights.