UK based The Renewables Investment Group (TRIG) has announced promising beginning of year results.
With a portfolio that generated 851GWh of energy since the start of 2017, the organisation is celebrating a £31.3million pre-tax profit, a £12.1million increase on the same period last year.
The organisation boasts 56 projects in Ireland, France and the UK generating a net output of 774MW.
TRIG also acquired the Broxburn 20MW battery-storage facility in West Lothian on which construction should be completed next year.
Richard Crawford, director, infrastructure, InfraRed Capital Partners, said: “The company has had a strong start to the year. We have invested about £150 million, including TRIG’s first investment in Wales and the Company’s first energy storage transaction, which was completed after the period end.
“Although competition for renewables projects remains strong, we maintain a disciplined approach to sourcing investments across our target technologies and geographies. We look forward to delivering further consistent income as well as achieving additional scale efficiencies and liquidity for our investors.”
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