TRIG taking full ownership of 213-MW wind farm in Sweden

TRIG announced that it has exchanged contracts to acquire a 100% interest in the Jädraås wind farm, an operational onshore wind farm with a capacity of 212.85MW for a consideration of approximately EUR207 million (US$234.3 million) on an unlevered basis. The wind farm is located near Ockelbo, north of Stockholm and is being acquired from Arise AB and Sydvastanvind AB (controlled by Platina Energy Partners LLP). The acquisition will be funded by the Company's acquisition facility and is expected to complete in March. TRIG, a London-listed investment company advised by InfraRed Capital Partners as Investment Manager and Renewable Energy Systems (RES) as Operations Manager

Jädraås is comprised of 66 Vestas V-112 turbines of 3.225MW capacity each and has been operational since May 2013. Jädraås benefits from an all-inclusive long term O&M contract with Vestas and a strong operating track record. Jädraås will represent approximately 11% of the Company's portfolio on a committed investment basis.

Renewables in Sweden benefit from green certificates, but the substantial majority of revenues come from power sales. Jädraås has hedging agreements in place fixing power prices for 70% of expected power generation until the end of 2023, and for approximately 50% of the green certificates until the end of 2027.

Following the acquisition, 34% of TRIG's portfolio value is in assets outside the UK, measured on a committed investment basis. TRIG continues to manage its currency exposure to non-sterling assets by hedging approximately 50% of the valuation of such assets.