Liberum acts as Joint Bookrunner on TRIG’s £200m fundraising

We are pleased to announce that Liberum acted as Joint Bookrunner on a tap issue to raise £200m for The Renewables Infrastructure Group (“TRIG”) through the issue of 160m shares at 125p. Investec acted as Joint Bookrunner alongside Liberum.


TRIG is a FTSE 250 listed renewable energy infrastructure investment company with a market cap of c. £2.4bn. The company seeks to provide attractive income-based returns through investment exposure to a large, highly diversified portfolio of 75 wind, solar and energy storage infrastructure projects, with an aggregate net generating capacity in excess of 1.6GW.

The net proceeds of the tap issue will be applied in repaying amounts expected to be drawn under the Company's revolving credit facility in the near term, funding its existing commitments (which predominantly relate to the East Anglia One offshore wind farm) and the acquisition of pipeline assets.

Liberum was appointed as Joint Corporate Broker to TRIG in December 2015 and has helped raise over £1.2bn since appointment.

Liberum Team

Investment Banking - Chris Clarke, Gillian Martin, Louis Davies, Cara Murphy

Sales - Andrew Davies, Jack Kershaw

Research - Conor Finn

Corporate & Investor Relations - Georgina Wood

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