Fred. Olsen Renewables has completed the sale of a 49% share of its UK operating portfolio of 433 MW installed capacity to UK based infrastructure fund The Renewables Infrastructure Group Limited (“TRIG”).
CEO, David Brunt commented that: “The successful conclusion of this transaction and the interest generated amongst potential investors is clear recognition that we have created significant value over the years since Fred. Olsen Renewables started activities 15 years ago. We have a significant development pipeline still to be constructed and the new funds will in part provide funding for that continued growth”.