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LONDON (Alliance News) - Renewables Infrastructure Group Ltd on Wednesday said it has completed the acquisition of the Freasdail onshore wind farm in Scotland.
Renewables Infrastructure will buy the 22.55 mega watt site for GBP18.6 million. Freasdail is in an advanced stage of construction and is expected to be commissioned in the first quarter of 2017.
"TRIG's acquisition of Freasdail wind farm further diversifies the company's portfolio, taking our net generating capacity above 700 megawatts. TRIG generates electricity equivalent to the amount required to power approximately 400,000 homes and avoids the production of 600,000 tonnes of carbon dioxide annually," said Chair Helen Mahy.
Shares in Renewables Infrastructure were down 0.5% to 106.30 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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